Ford Motor Company might go private
Andrew Norton
In order to lick their wounds and circle the wagons, Ford Motor Company is considering going private according to the Detroit Free Press. Apparently this is one of the many scenarios the Ford Family is looking into as a means of making Ford better. Ford has been having financial difficulties ever since they hitched their pony up to the truck and SUV market while neglecting their sedans and small cars. Gas prices skyrocketed and people decided they wanted to get more than 18 mpg. Unfortunately, Ford had not done anything revolutionary with their line of cars and the public spoke with their wallets.
Ford Motor Company stock is currently trading at $7.88 (up $.12). Check the current price at Yahoo Finance. Five years ago Ford stock was trading around $20 per share. I know my father-in-law (and every other Ford employee who took stock options over the years) has taken a hit over the years with his Ford stock.