Can Ford Surge Higher?
T = Trends for a Stock’s Movement
Ford is a producer of cars and trucks. The company also engages in other businesses, such as financing vehicles. Ford operates in two sectors, automotive, and financial services. Through its sectors, Ford provides a wide range of vehicles, vehicle parts, and services to a multitude of consumers and companies worldwide. The company’s products saw declining demand in the past several years as gasoline prices took a major toll on pockets. Ford is now revolutionizing its vehicles in order to compete on the world stage. Look for Ford to fuel a recovery in the American automobile industry and provide highly demanded vehicles, parts, and services.
Many had already placed their bets on Ford CEO Alan Mulally taking over for Microsoft’s (NASDAQ:MSFT) retiring Steve Ballmer, but unfortunately for them, it doesn’t look as if Mulally is packing his bags just yet — or maybe ever. Ford board member Edsel Ford II spoke to Bloomberg Television on Thursday, saying that Mulally will stick with the automaker until the end of 2014. Ford II, the great-grandson of founder Henry Ford, responded to various speculations, asserting, “Alan is staying through the end of 2014, and that’s all I know.”