Ford Motor announced Wednesday that it had reduced its debt by $1.9 billion after note-holders converted their debt into 274 million shares of common stock. The automaker’s annual interest expenses will be reduced by $180 mill…
With the Great Recession pushing consumers to hold off on car-buying for as long as possible, pent-up demand is now likely to boost the automakers. But an industrywide pickup won’t necessarily benefit all players equally. Of GM, Ford and Toyota, which stock might do best? [Video]
Continue reading Face-Off on Stocks: General Motors, Ford, Toyota [Video]
Face-Off on Stocks: General Motors, Ford, Toyota [Video] originally appeared on DailyFinance on Mon, 22 Nov 2010 16:10:00.
Filed Under: Investing, Ford Motor Co, Stock Picks, Toyota, General Motors, Autos, Video, Market News, Streetwise
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