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Report: Bill Ford admits Blue Oval may lose investors to GM IPO, seems unconcerned

wickedstangs

Chula Vista, CA
Staff member
Administrator
<p>Filed under: <a href="http://www.autoblog.com/category/ford/" rel="tag">Ford</a>, <a href="http://www.autoblog.com/category/gm/" rel="tag">GM</a>, <a href="http://www.autoblog.com/category/earnings-financials/" rel="tag">Earnings/Financials</a></p><a href="http://www.bloomberg.com/news/2010-08-20/ford-may-lose-some-investors-to-general-motors-offering-chairman-says.html"><img vspace="4" hspace="0" border="1" alt="Bill Ford dons sunglasses" src="http://www.blogcdn.com/www.autoblog.com/media/2010/08/bill-ford-630.jpg" /></a><br />
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Bill Ford, executive officer for <a href="http://www.autoblog.com/make/ford/">Ford Motor Co.</a>, seems to be taking a fairly realistic stance when it comes to arch-rival <a href="http://www.autoblog.com/make/gm/">General Motors</a> releasing its IPO. While speaking at the kickoff of this weekend's Woodward Dream Cruise, Ford said that he was certain that some of his company's investors would likely move to GM, but he isn't entirely concerned. Even though Ford stock has slid off from its 52-week high of $14.57 recently, the company's executive officer said that he doesn't spend his time fretting over stock prices, preferring instead to worry about steering the company in the best direction possible.<br />
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This week, GM filed paperwork to issue an IPO, thought to be one of the largest offerings in America's history. Until then, Ford had enjoyed the privilege of being the only publicly-traded domestic auto manufacturer after both GM and <a href="http://www.autoblog.com/make/chrysler/">Chrysler</a> filed bankruptcy in 2009. With a new kid on the block, odds are some money is bound to move toward The General and away from FoMoCo.<br />
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[Source: <a href="http://www.bloomberg.com/news/2010-08-20/ford-may-lose-some-investors-to-general-motors-offering-chairman-says.html">Bloomberg</a>, <a href="http://www.freep.com/article/20100820/BUSINESS0102/100820020/1014/rss13">The Detroit Free Press</a> | Image: Scott Olson/Getty Images]<p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2010/08/20/report-bill-ford-admits-blue-oval-may-lose-investors-to-gm-ipo/">Report: Bill Ford admits Blue Oval may lose investors to GM IPO, seems unconcerned</a> originally appeared on <a href="http://www.autoblog.com">Autoblog</a> on Fri, 20 Aug 2010 17:29:00 EST. Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.autoblog.com/2010/08/20/report-bill-ford-admits-blue-oval-may-lose-investors-to-gm-ipo/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/forward/19602201/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2010/08/20/report-bill-ford-admits-blue-oval-may-lose-investors-to-gm-ipo/#comments" title="View reader comments on this entry">Comments</a>


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