Ford selling shares to avoid bankruptcy
Ford will offer 300 million common shares to shore up cash reserves, avoid a federal bailout, and keep it out of bankruptcy as its Detroit competitors GM and Chrysler struggle to restructure. School...
View ArticleAuto industry update
The auto industry worldwide continues to struggle. With Toyota facing its largest losses ever, Akio Toyoda today becomes president of the company founded by his grandfather in 1937. Meantime, the...
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Ford’s surprise profit
In a turnaround story for a troubled industry, Ford Motor Company posted a surprising 3rd quarter profit of nearly $1 billion, though it has still lost some $1.3 billion for the year. School of...
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