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The Board of Directors of Ford Motor Company today declared a fourth quarter regular dividend of $0.15 per share on the company’s outstanding Class B and common stock. It is currently trading at ~$8.60 (7% yield), with a 52-week range of $7.41 – $10.56.
Ford Motor Company Q3 sales dropped -5% year-over-year due to a striking -30% drop in car sales to 77,231. Year-to-date sales at 1,820,836 compared to 1,887,625 in 2018 were off -4% in the first sales report since credit agencies downgraded Ford debt to junk status. Continue reading
CAR – Estimated Costs of the UAW-GM Strike are Low
The UAW GM strike is now a serious economic problem for the overall U.S. economy.
Many estimates of the cost of the UAW strike focus on how much the work stoppage is costing GM, but few have estimated the broader costs of the strike to the U.S. economy or individual states, writes Kristin Dziczek, Vice President – Industry, Labor, & Economics at the Center for Automotive Research.
“The UAW-GM strike is sufficiently large to not only affect many sectors of the U.S. economy but also to reach beyond the borders of the nine states that are hosts to UAW-represented GM manufacturing facilities. GM, the UAW, GM suppliers, federal, state, and local governments, and many other businesses incur losses each day the strike continues,” says Dziczek. Continue reading →