Ford Motor Company: This Is When Smart Investors Buy Good Companies, Not Sell Them - Motley Fool
The market was in slight panic mode early this morning, although it has recovered quite a bit, and automotive stocks certainly felt the pressure as doubt continues to hover over China's economy. Ford Motor Company plunged to about $11. 50 early Monday morning before recovering to $13. 19, which is still down almost 5% for the day. Considering China is the world's second-largest economy, that's understandable -- especially for automotive manufacturers that are depending on China to help generate a growth story in the coming years for investors. So, let's take a quick look at some recent figures from Ford. Just last month, Ford China sold more than 77,000 retail vehicles, which was indeed a 6% decline compared to July 2014 -- panic, sell, sell, sell. Consider that from January to July 2015, Ford sold 620,588 units in China, compared to the 624,944 units it sold through the same time frame last year. And when sales figures from August come out, Ford's outlook in China might be worse. However, here's what we do know: Ford has done incredibly well in China over the past few years, growing its annual sales from 626,000 in 2012 to more than 1,114,000 units in 2014. Furthermore, despite a slight decline in wholesale units and... Source: www.fool.com
