Ford Expects to Sell 2.2 Million Vehicles in 2012 (F)
On Sunday American motor vehicle manufacturer Ford Motor Company (F) reported that it expects to sell 2.2 million vehicles in 2012, eclipsing the 2 million mark for the second year in a row.
The Dearborn, Michigan-based American car giant says the the Ford Focus is the company’s most popular model, selling 737,856 units of the model through September. The Ford Fiesta and Ford F-series trucks are other popular models for the company.
Ford shares were flat in premarket trading. The stock is up +19.61% year-to-date.
The Bottom Line
Shares of Ford (F) have a 1.55% dividend yield, based on Friday’s closing stock price of $12.87. The stock has technical support in the $11.00-$11.50 price area. If the shares can firm up, we see overhead resistance around the $14 price level.
Ford Motor Company (F) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars.