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Why Ford Motor Company Stock Is Down Today

·2 min read
Why Ford Motor Company Stock Is Down Today
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Shares of Ford Motor Company (NYSE: F) were trading lower at midday on Monday, amid a broad-based sell-off driven by investor concerns about the deeply indebted Chinese property developer China Evergrande Group (OTC: EGRNF). As of noon EDT, Ford's share price was down about 5.6% from Friday's close. Investors are concerned about Evergrande: The giant property developer has huge debt that it probably can't service, bankruptcy appears likely, and the Chinese government has hinted that no bailout will be forthcoming.