Wednesday, December 23, 2009
Ford: An American Icon
Ford stock rose above $10.00 per share today for the first time in over 4 years ! This is indicative of several positive things that are taking place; First of all, Ford Motor Company is building world class products. Ford has been steadily improving the quality of their vehicles for several years running and the consumers, as well as investors, are taking notice.
Secondly, the credit crunch that was created by the banking/mortgage crisis is easing, allowing more consumers to buy or lease a vehicle. The pent-up demand is bringing consumers back to the showrooms, and many car buyers are opting for the only American car company that did not borrow from the government (read "taxpayers") to survive the economic downturn, Ford Motor Company.
Ford is an American icon, one of the last remaining symbols of the true American entrepeneurial spirit. Undoubtedly some consumers are making a political statement when they pull into a Ford dealership. Not only are they looking for a quality vehicle, they want to send a message to Ford's competitors; I support free market capitalism, not government controlled socialism, and that's what they see at G.M. ("Government Motors")and foreign controlled Chrysler.