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Story Stocks: Ford Motor (NYSE: F), Microsoft (NASDAQ: MSFT), Advanced Micro Devices (NYSE: AMD)
Ford Motor (NYSE: F) said it will invest 4 billion reais ($2.3 billion) to expand in the growing Brazilian market, the largest capital committment it has made in the country. The five-year plan includes boosting the capacity of the Camacari factory that makes the Fiesta small car and modernizing the Troller plant that builds utility vehicles. The Dearborn, Michigan based company also will invest in new models for Brazil. The auto industry in Brazil, South America’s largest economy, is headed for record sales this year, the country’s automakers association stated last month. Ford ranks fourth in Brazil, behind Fiat SpA,…
20Nov2009 | Jutia Group | 1 comment | ContinuedStock Market Update: Ford Motor (NYSE: F), CIT Group (NYSE: CIT), Google (NASDAQ: GOOG), Apple (NASDAQ: AAPL)
Ford Motor (NYSE: F) surprised Wall Street today by revealing that the company produced a quarterly profit and raised its 2011 outlook to "solidly profitable," sending shares up 5.7 percent in premarket trading. Ford is the only major U.S. automaker to evade bankruptcy in 2009 and stated that the third-quarter results were supported by cost-cuts, improved credit results and increased market share in North America and other important areas. Ford burned through $4.7 billion of cash in the first half of the year, yet reported $1.3 billion of positive cash flow in the Q3, its first positive cash flow since…
2Nov2009 | Jutia Group | 2 comments | Continued
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