Woo, Actually Debt is not one of Ford's problems.... They have the cash on the balance sheet to write a check and pay off the debt. Bigger issue is the economy is still not producing enough jobs to give people confidence to go out and buy a car. And I think people are waiting for 2013 models to come out, new Fusion will be absolutely a blockbuster and Explorer will continue to run like crazy.... Also need Europe economic situation to settle down.... Large institutional investors are nervous about putting more money into the market with such unrest...
I don't know if a lot of people are conscious about the 2013 models Ford will roll out this fall. However, I am definitely in that camp and we are waiting on 2 new models, the new Escape and the new fusion. Both are sweet looking cars. Our current Ford cars are running find but more than 10 years old and we will be in a position to pay cash for 2 new Fords come fall.
They have chipped away at it so I'm not so sure that is what is driving shares lower. For some reason Ford europe with it's daily 1.75 million dollar flush is taking center stage for the stock. That's 1.75 million flushed every day of every month. NA profits more than making up for it, but throw in the Latin America weakness, Brazil down 14% MOM and China slowing and suddenly NA is the only shining star.
15 billion pension shortfall didn't help them either.
I see those that thought the 2B judgement announcement didn't get their wish today in stock movement and conveniently disappeared.