Aug 4, 2009 -
Movin' On Up
AR Index 667.65 +73.45 (+12.36%)
Stocks of individual interest
Toyota 87.19 +7.31
GM 0.52 +0.12
Ford 8.33 +1.06
Dow 9286.56 +178.05 (+1.95%)
Well at least two of the new Big Three are trending in the right direction. And Ford was the only one to have an increase in sales in July compared to a year ago.
Cash for clunkers may have put them over to the plus side, but a 2% increase compared to the 19% decrease at GM speaks volumes for the kind of shape Ford is in, and more importantly, the kind of shape the public thinks they're in. The chart of the last five months is fairly convincing. I guess that whole "avoiding bankruptcy on your own without government money" thing must have been a good thing.
