Ford Motor (NYSE:F) to make new history, introducing eight new models in India
Ford Motor Company (NYSE:F) today unveiled a plan launch eight new cars in India by mid-decade as part of a plan to aggressively grow its tiny share of Asia’s third-largest car market and catch up with rivals. US car giant,which controls not more than three percent of the Indian car market despite being in the country since 1995, is intending to turn around its fortunes, increasing its spending in the country to $2 billion.
Jogindar Singh, who will replace Michael Boneham as the new president of Ford India from December 1, said that the plan is a new recognition of the opportunities that lie ahead for Ford in India. Singh told reporters in New Delhi that Ford has never released eight models in such a short time. The auto maker believes the roll-out of the new models will help bring “a significant jump” in market share but refused to give an exact target.
Ford Motor Company (NYSE:F) is trading at a volume of 12.14 million shares which is down than its average volume of 44.10 million shares. The stock after opening at $11.32 touched high price of $11.47 and increased +1.33% to $11.40.
In the liquidity ratios, the company booked as debt to equity ratio was 5.34 and long-term debt to equity ratio remained at 5.34. The Company had overall cash of $24.10 billion at hand and a book value per share as $4.94 in the most recent quarter.
General Motors Company (NYSE:GM) competitiveness with another firm across its sector, GM stock is moving forward from its 200 day moving average with +11.48% while the stock is moving up from SMA50 with +4.86% and traded at lowest level during the current trading session of $25.51.
Shares of the company hit the 52 weeks low range with $ 8.82 per share while its 52 weeks high level was $13.05. Its competitor Tata Motors Limited (ADR) (NYSE:TTM) shares are up from 200 day moving average of +5.18% and traded as low as $25.03 per share in the current session and Tesla Motors Inc (NASDAQ:TSLA) shares are up from 200 day moving average of +6.23% and traded as low as $33.04 per share in the current session.