Stock Profile

     Stock ID : fm1001

     Stock Name : ford motor

     Stock Description : Credit Ford's survival last year to CEO Alan Mulally. Back in late 2006, the company mortgaged nearly all its assets, including the blue oval, for $23 billion to survive what the CEO predicted to be tough times ahead. Now it's the only Detroit car company without the distinction of going bankrupt. To be sure, 2008 was the worst year in Ford's 105-year history. It lost $14.6 billion as car sales plummeted and auto loan markets froze. But its piles of cash from Mulally's move in 2006 allowed Ford to stay afloat, unlike GM and Chrysler, without government bailouts. "As we come through this, we're going to be a turbo machine on the other side," Mulally told Fortune in May. With Ford gaining U.S. market share for the first time since 1995, there's reason to believe him.

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     Stock Added : 11/16/2009 3:27:23 AM

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