Ford (F) has an atrocious September. The car company reported total sales of 116,734, down 34 percent versus a year ago. Volvo sales were off over 50%.
Overall Ford brand SUV sales dropped 57% to 8,623 units. Sales of the company’s flagship F-series pick-ups were down 42% to 32,727.
Almost every brand in the Ford corporate line-up lost sales. Even with the government’s $25 billion loan guarantee, it is nearly impossible to imagine that Ford can take this kind of beating for another year.
Ford’s shares were down over 13% to $4.53.
Douglas A. McIntyre
Smart Investors Are Quietly Loading Up on These “Dividend Legends”
If you want your portfolio to pay you cash like clockwork, it’s time to stop blindly following conventional wisdom like relying on Dividend Aristocrats.
There’s a better option, and we want to show you. We’re offering a brand-new report on 2 stocks we believe offer the rare combination of a high dividend yield and significant stock appreciation upside.
If you’re tired of feeling one step behind in this market, this free report is a must-read for you.
By providing your email address, you agree to receive communications from us regarding website updates and other offerings that may be of interest to you.
You have the option to opt-out of these emails at any moment. For more information, please review our Disclaimer and Terms of Use.