shares fell to their lowest level in more than years Friday after Ford the nation s No. automaker for years was bumped to No. by Japan s Toyota Motor Corp. Ford cautioned that will be another tough year. Wall Street reacted to the news Friday by sending Ford stock tumbling to close at . down nearly percent from Thursday and the lowest price since Jan. when Ford ended the day at . according to Bloomberg News data. Ford shares dropped as low as in Friday trading. The shares have lost percent in the past year. Ford s product pipeline remains a concern. Ford which lost . billion in said it is on track to return to profitability in . Our plan is working and is ahead of schedule in many areas despite the tough economic environment. Over the past years the market value of Ford shares has plummeted from billion to billion. car and truck truck sales fell percent in according to figures released Thursday. Detroit tax breaks go to the well heeled Oct. South of! the equator Ford and GM prosper Aug. Special Report UAW contract talks Jun.
Source: http://www.detnews.com/apps/pbcs.dll/article?AID=/20080105/AUTO01/801050349&&imw=Y
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