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Ford shares cheaper than gas Friday, October 10, 2008
The Financial Post -- Shares in Detroit's two publicly-traded automakers plunged Thursday over concern they may run out of money to fund their turnarounds before U.S. auto sales rebound. General Motors Corp. stock fell nearly 15% in early trading on the New York Stock Exchange, dropping below US$6 a share for the first time since the summer of 1951, according to MarketWatch. Shares in Ford Motor Co. sank 4% to US$2.55, making one Ford share cheaper than a gallon of gasoline in the United States. The average price for a gallon of gasoline cost $3.18 in Detroit and $3.36 nationally as of Thursday morning, gasbuddy.com reported on its website.
Visit The Financial Post for full article

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JT Moderator	Message Posted: 10/10/2008 9:54:33 AM	Ignore JT Report Abuse
	Friday, October 10, 2008 The Financial Post -- Shares in Detroit's two publicly-traded automakers plunged Thursday over concern they may run out of money to fund their turnarounds before U.S. auto sales rebound. General Motors Corp. stock fell nearly 15% in early trading on the New York Stock Exchange, dropping below US$6 a share for the first time since the summer of 1951, according to MarketWatch. Shares in Ford Motor Co. sank 4% to US$2.55, making one Ford share cheaper than a gallon of gasoline in the United States. The average price for a gallon of gasoline cost $3.18 in Detroit and $3.36 nationally as of Thursday morning, gasbuddy.com reported on its website. Visit The Financial Post for full article

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dmina425 Rookie Author Georgia Posts:41 Points:13,200 Joined:Oct 2008	Message Posted: 10/22/2008 6:20:58 PM	Ignore dmina425 Report Abuse
	GM in the tank, and they start talking about buying Chrysler? Maybe I'm a bit slow, but I just don't get it.
ramfreak2003 Rookie Author Houston Posts:3 Points:3,310 Joined:Oct 2008	Message Posted: 10/22/2008 4:13:33 PM	Ignore ramfreak2003 Report Abuse
	Wow, who would have guessed that. No one wants to belive me that Ford bites!
papou Champion Author Tampa Posts:3,487 Points:493,245 Joined:Jul 2005	Message Posted: 10/20/2008 9:46:46 AM	Ignore papou Report Abuse
	So is their Quality !
leadfoot46 Sophomore Author Georgia Posts:204 Points:45,220 Joined:Sep 2008	Message Posted: 10/19/2008 11:46:36 PM	Ignore leadfoot46 Report Abuse
	Are we going to bail ford out?
Sneakers55 Champion Author Houston Posts:13,145 Points:813,605 Joined:Nov 2005	Message Posted: 10/16/2008 9:17:29 PM	Ignore Sneakers55 Report Abuse
	gaschicCT wrote: >How can GM be talking about taking over Chrysler if their own stock >is in the ******? Do they want a bailout too?????? GM owns 49% of GMAC. Cerberus owns 81% of Chrysler. What they're considering is having GM swap their GMAC holdings to Cerberus while Cerberus swaps their Chrysler holdings with GM. No stock required.
Jagman98 All-Star Author Louisville Posts:552 Points:74,650 Joined:Sep 2006	Message Posted: 10/14/2008 8:55:43 AM	Ignore Jagman98 Report Abuse
	I think FORD made some mistakes.....but those that pay for it are the 1,000's of workers...not the hundred's of executives that made the mistakes....like moving plant out of the US while Toyota and Honda, Kia, Hyundia, Subaru and others were moving into the US....
Kowkisser Sophomore Author Albany Posts:249 Points:47,920 Joined:May 2008	Message Posted: 10/14/2008 8:03:41 AM	Ignore Kowkisser Report Abuse
	I had one of those fix or repair daily fords. But there is one good thing I'ss say about it. It would keep running anyway. I blew a 3 inch hole in the radiator. Drove 180 miles on a dry radiator when it was 80+ degrees. Car was okey. My spark plug wires were in bad shape. 2 plugs were still brand new after 50k miles. 2 others barely touched. Was running a 6 cyl car on 4 cyl and sometimes 2 cyl. Ran through the Catskills and Adirondacks. Sometimes would stall out on very long drives. Let it rest, and then it was okey. Loved the car. A ford Taurus (1986), that I had up to 28 mpg on the highway. Was running great till I hit a telephone pole at 40 mph in the snow. (The car had 150k miles on it.)
thomas41546 Champion Author Tennessee Posts:1,700 Points:790,440 Joined:Oct 2005	Message Posted: 10/11/2008 6:02:36 PM	Ignore thomas41546 Report Abuse
	they need a better idea
21597 All-Star Author Colorado Posts:638 Points:208,430 Joined:Sep 2005	Message Posted: 10/11/2008 12:45:31 PM	Ignore 21597 Report Abuse
	drill drill drill
domer2 All-Star Author Gary Posts:872 Points:379,000 Joined:May 2007	Message Posted: 10/11/2008 12:15:00 PM	Ignore domer2 Report Abuse
	bring the 65 mpg car to our shores and the price will go up.
Honda_Insight Sophomore Author Lexington Posts:190 Points:5,695 Joined:Sep 2008	Message Posted: 10/11/2008 12:04:13 PM	Ignore Honda_Insight Report Abuse
	First On Race Day
bbreff Champion Author Atlanta Posts:2,070 Points:1,025,265 Joined:Jun 2005	Message Posted: 10/11/2008 11:47:47 AM	Ignore bbreff Report Abuse
	Without gas, people cannot buy cars. Right now, I would not consider FORD or GM as a possible stock purchase, especially since they are talking a possible merger.
RLH68 Champion Author Orlando Posts:1,990 Points:412,000 Joined:Jun 2007	Message Posted: 10/11/2008 10:42:47 AM	Ignore RLH68 Report Abuse
	I'm not surprised, considering how GM and Ford have fallen way behind in keeping up with the general publics desire for more fuel efficient vehicles. Instead they keep pushing the gas guzzlers in their ads. Sort of like bush, sitting in his office completely out of touch with the little people.
janctx All-Star Author Texas Posts:755 Points:287,545 Joined:Nov 2007	Message Posted: 10/11/2008 9:45:24 AM	Ignore janctx Report Abuse
	How sad that this has happened to us all, We should have bought American instead of from other countries. May God Bless us all
Lvbg0516 All-Star Author New Jersey Posts:766 Points:72,595 Joined:Oct 2006	Message Posted: 10/11/2008 9:39:23 AM	Ignore Lvbg0516 Report Abuse
	Wow! Well I'm not a Ford person anyway. LOL right on Matts Pap
Matts_Pap Champion Author Pennsylvania Posts:1,277 Points:196,990 Joined:Feb 2008	Message Posted: 10/11/2008 9:36:02 AM	Ignore Matts_Pap Report Abuse
	F:Fix O:or R: Repair D: Daily
jjulson All-Star Author North Dakota Posts:846 Points:301,315 Joined:Mar 2007	Message Posted: 10/11/2008 9:35:59 AM	Ignore jjulson Report Abuse
	So are a lot of other stocks
laddyboy62 Champion Author Riverside Posts:1,581 Points:994,335 Joined:Mar 2005	Message Posted: 10/11/2008 9:35:43 AM	Ignore laddyboy62 Report Abuse
	sorry state of affairs
gaschicCT Sophomore Author Hartford Posts:228 Points:58,365 Joined:Apr 2008	Message Posted: 10/11/2008 9:34:28 AM	Ignore gaschicCT Report Abuse
	How can GM be talking about taking over Chrysler if their own stock is in the ******? Do they want a bailout too??????
NYRfan Sophomore Author Cincinnati Posts:157 Points:123,520 Joined:Jul 2006	Message Posted: 10/11/2008 9:32:09 AM	Ignore NYRfan Report Abuse
	poor Ford
dre3101 Sophomore Author Austin Posts:197 Points:39,125 Joined:Jun 2006	Message Posted: 10/11/2008 9:28:45 AM	Ignore dre3101 Report Abuse
	does not sound like a bailout may be necessary... http://www.cnbc.com//id/27125828
JPGKC Champion Author Tampa Posts:3,164 Points:572,050 Joined:Sep 2006	Message Posted: 10/11/2008 9:28:28 AM	Ignore JPGKC Report Abuse
	We are a long time away before the pain is over.
Schwartzmdja All-Star Author Oklahoma City Posts:766 Points:193,915 Joined:Mar 2008	Message Posted: 10/11/2008 9:26:22 AM	Ignore Schwartzmdja Report Abuse
	It's great that gas is going down, but I think our economy is in real trouble.
21597 All-Star Author Colorado Posts:638 Points:208,430 Joined:Sep 2005	Message Posted: 10/11/2008 9:26:10 AM	Ignore 21597 Report Abuse
	don't ya just love it that the gov is gonna end up ownin the babks then they will know everything about you. even if you forgot to declare that ten dollar check for mowin the neighbors lawn
priceranger Rookie Author New York Posts:39 Points:40,030 Joined:Jul 2008	Message Posted: 10/11/2008 9:23:58 AM	Ignore priceranger Report Abuse
	Just another reason why oil needs to come off the commodity market. The speculators have really put a hurting on this country which is obviously effecting the whole world.
gas1prospector Champion Author Toronto Posts:1,998 Points:428,345 Joined:Aug 2007	Message Posted: 10/11/2008 9:23:41 AM	Ignore gas1prospector Report Abuse
	I wonder if the execs over at Ford and GM will finally realize where there arrogance has brought them. Nevermind blaming the current Economic situation or high gas prices, the car buying public has been ignored too long. What is so difficult about just making a normal family car that gets you from point A to point B. Bigger is not better. More Bells and whistles are not required. All the customer ever wanted was good value for their hard earned dollar. If these former behemoths don't come to their senses, the only good thing for their stock certificates, will be for lining Bird Cages. [Edited by: gas1prospector at 10/11/2008 10:25:21 AM EST]
Don20 Champion Author Oklahoma City Posts:1,525 Points:1,013,770 Joined:Mar 2005	Message Posted: 10/11/2008 9:21:59 AM	Ignore Don20 Report Abuse
	They would not build what the public wanted, (small economical vehicles) instead they tell the public what they want. The day of truth has arrived. The economy has not helped either..
DarthDadJr Veteran Author Virginia Posts:457 Points:95,310 Joined:Jul 2008	Message Posted: 10/11/2008 9:21:52 AM	Ignore DarthDadJr Report Abuse
	Bad times for everyone in MI.
Shadowwarrior Rookie Author Pennsylvania Posts:57 Points:718,890 Joined:Oct 2005	Message Posted: 10/11/2008 9:21:11 AM	Ignore Shadowwarrior Report Abuse
	Government won't let any of the "Big 3" go belly up. If ya have the money to spare I would grab some of their stocks cause for one they can not go too much lower so the only direction is up once people get into their heads that things are going to improve. [Edited by: Shadowwarrior at 10/11/2008 10:22:00 AM EST]
bigmaninarig Veteran Author Missouri Posts:377 Points:76,680 Joined:Jul 2008	Message Posted: 10/11/2008 9:20:50 AM	Ignore bigmaninarig Report Abuse
	They print their own money; so why not...!?!
Zygnatz Champion Author British Columbia Posts:4,981 Points:978,105 Joined:Oct 2005	Message Posted: 10/11/2008 9:19:18 AM	Ignore Zygnatz Report Abuse
	What say? Another $700 billion for the big three?
bigmaninarig Veteran Author Missouri Posts:377 Points:76,680 Joined:Jul 2008	Message Posted: 10/11/2008 9:18:51 AM	Ignore bigmaninarig Report Abuse
	Now is the time to buy Ford before it skyrockets again.
gasie1 Champion Author Maine Posts:2,036 Points:950,685 Joined:Nov 2005	Message Posted: 10/11/2008 9:15:24 AM	Ignore gasie1 Report Abuse
	Soon GM and Ford will be looking for a government handout.
DooDaa Champion Author Massachusetts Posts:3,585 Points:782,015 Joined:Dec 2004	Message Posted: 10/11/2008 9:13:56 AM	Ignore DooDaa Report Abuse
	Maybe the new car prices will come down too..
Takmygas Champion Author Indianapolis Posts:2,063 Points:283,080 Joined:Dec 2007	Message Posted: 10/11/2008 9:12:32 AM	Ignore Takmygas Report Abuse
	GM will get bailed out first...
Nannabug Sophomore Author Georgia Posts:243 Points:101,710 Joined:Jul 2008	Message Posted: 10/11/2008 9:11:34 AM	Ignore Nannabug Report Abuse
	"Woo Hoooooo I just made 90 days of posting I can't wait for my new fast blue car" Glad to know I am not the only one looking forward to getting those little lines :) Be just my luck that on my 89th day there will be a power out for some reason and I will get bumped back to day 1 :( 90 days is a long time!
bdrviper All-Star Author Grand Rapids Posts:995 Points:712,410 Joined:May 2006	Message Posted: 10/11/2008 9:11:00 AM	Ignore bdrviper Report Abuse
	bummer when it says buy american it should also say built in america
Lonewolftx Champion Author Houston Posts:5,714 Points:1,125,010 Joined:Sep 2005	Message Posted: 10/11/2008 9:09:57 AM	Ignore Lonewolftx Report Abuse
	Not a good sign . . .
zeljko All-Star Author Greensboro Posts:786 Points:326,150 Joined:Sep 2005	Message Posted: 10/11/2008 9:08:24 AM	Ignore zeljko Report Abuse
	that is what it is worth
21597 All-Star Author Colorado Posts:638 Points:208,430 Joined:Sep 2005	Message Posted: 10/11/2008 9:07:42 AM	Ignore 21597 Report Abuse
	Buy American
F250CA Veteran Author Oakland Posts:398 Points:153,860 Joined:Mar 2008	Message Posted: 10/11/2008 9:07:22 AM	Ignore F250CA Report Abuse
	Woo Hoooooo I just made 90 days of posting I can't wait for my new fast blue car
rockinrog All-Star Author Ontario Posts:843 Points:681,680 Joined:May 2006	Message Posted: 10/11/2008 9:06:03 AM	Ignore rockinrog Report Abuse
	corporate greed has finally caught up with the USA.....maybe this suffering will help clean it up.
bubbajeb Sophomore Author New York Posts:123 Points:20,340 Joined:Apr 2008	Message Posted: 10/11/2008 9:04:42 AM	Ignore bubbajeb Report Abuse
	American automakers need to step it up as well.. They need to start making the parts in America again. Get Americans their jobs in the factories back. Stop outsourcing customer service reps to the Middle East, let me talk to someone in America! [Edited by: bubbajeb at 10/11/2008 10:05:12 AM EST]
Pseudorious Veteran Author Philadelphia Posts:474 Points:220,575 Joined:Sep 2005	Message Posted: 10/11/2008 9:02:57 AM	Ignore Pseudorious Report Abuse
	murphy50, Please keep your racism and illiteracy to yourself.
takethe_point All-Star Author Omaha Posts:732 Points:27,780 Joined:Apr 2008	Message Posted: 10/11/2008 9:01:45 AM	Ignore takethe_point Report Abuse
	Seems kinda hard to buy american cars, when all the parts that are in american cars are made from other countrys.
rgb42722 Veteran Author Kentucky Posts:313 Points:106,860 Joined:May 2004	Message Posted: 10/11/2008 9:01:02 AM	Ignore rgb42722 Report Abuse
	So sad.
bubbajeb Sophomore Author New York Posts:123 Points:20,340 Joined:Apr 2008	Message Posted: 10/11/2008 8:59:33 AM	Ignore bubbajeb Report Abuse
	murphy50.. You hit the nail on the head. Everyone is so quick to say if ford had done this, and ford had done that... It's the American peoples fault..Keep supporting the foreign car markey. You are only hurting Americans when you buy foreign murchandise. I personally have NEVER, not even my first rat-box car, owned anything but an American made car. Support your country, buy MADE IN THE USA on everything, and you will help your own economy start to recover!!!
cableman31 All-Star Author New York Posts:768 Points:429,775 Joined:May 2004	Message Posted: 10/11/2008 8:58:56 AM	Ignore cableman31 Report Abuse
	A sorry state of affairs. Thank you G.W.
ladybugIL Sophomore Author Chicago Posts:236 Points:101,780 Joined:Jul 2008	Message Posted: 10/11/2008 8:58:20 AM	Ignore ladybugIL Report Abuse
	Henry Ford must be turning over in his grave.
ironbox_sara Champion Author Albany Posts:1,623 Points:698,330 Joined:Mar 2006	Message Posted: 10/11/2008 8:57:31 AM	Ignore ironbox_sara Report Abuse
	Buy up!