Latest News Update About Ford Share Price, Standard Life Share Price: Ford Motor Company (NYSE:F) stock continues soaring post-breakout witnessed yesterday. Ford has not been at these price levels since June of 2004, which surely has executives and shareholders smiling ear to ear if they stop to take note of this fact. 'F' stock reached a high of $15.98, just mere cents from a solid 16 dollars per share at 3:40 P.M. Eastern before normal market hours closed.October Sales
Ford posted October sales numbers that showed the company is really on the right path in its turnaround. Ford shares rallied sharply on the news and are now trading for $15.30 per share in pre-market after closing yesterday up 5.20%. That puts Ford stock's finish at the highest in one year. Ford options are also active on low volatility after shares rallied more than 5% on October sales that were up 19.2%. Ford reported October U.S. sales were up 19.2% to 157,935 units. November 16 and December 16 calls are active on total volume of 261,000 calls versus 86,000 puts. November option implied volatility is at 33, December is at 34, January is at 32; below its 26-week average of 39, according to Track Data. This suggests decreasing price risk.
Crossovers And Pickups
Rising sales of its crossover wagons and pickups failed to overcome a double-digit drop in Toyota's car sales. The Japanese automaker has been pulling back on incentives, which rose significantly in the spring after the company recalled millions of car and trucks over safety problems. TrueCar.com said Toyota's incentive spending dropped 1 percent between September and October, while most other manufacturers increased incentive spending last month.
F-150
Production of the 2011 model F-150 begins this month with an all-new powertrain lineup of four new engines, including a 3.5-liter EcoBoost and a new six-speed transmission that will deliver class-leading capability and fuel economy. This truck lineup will provide up to 20 percent more fuel efficiency than the 2010 models. F-150 pickups with the new 3.7-liter V6, 5.0-liter V8 and 6.2-liter V8 will be in dealership showrooms later this fall. The F-150 with EcoBoost will be available for sale early next year.
Six Continents
Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles across six continents. With about 163,000 employees and about 70 plants worldwide, the company's automotive brands include Ford, Lincoln and Mercury, production of which has been announced by the company to be ending in the fourth quarter of 2010. The company provides financial services through Ford Motor Credit Company.
Korean Auto Market
The Korean auto market has been notoriously difficult to penetrate. Behind-the-border taxes levied on engine size and other non-tariff barriers have discouraged purchases of U.S. automobiles in Korea. But without the agreement, none of that will change. With the agreement, Korea reduces its tariff on passenger vehicles from 8% to 0 immediately, while the United States reduces its tariff on passenger vehicles from 2.5% to 0 immediately. So both are good reforms, but there is no question that U.S. auto exporters get a relatively bigger boost from the agreement. And though there are no guarantees of hard sales quotas, one can be pretty well assured that only the most inept producer/exporter would fail to capitalize on an 8 percent cost reduction granted with the stroke of a pen.
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