Ford (F) CFO Says Total US Auto Sales Could Fall Below 13M in 2011; Discusses Dividend
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Currently speaking at a conference in London, Ford's (NYSE: F) CFO and Executive VP, Lewis Booth, warned US auto sales this year may fall below a previously expected 13 million units.
Booth also suggested the credit ratings will return Ford to investment grade "sooner rather than later." The exec said Ford will resume paying a dividend after an investment grade rating is regained.
After closing at $10.34 last night, shares of Ford are down another 1.4 percent to $10.22 Friday morning.
Booth also suggested the credit ratings will return Ford to investment grade "sooner rather than later." The exec said Ford will resume paying a dividend after an investment grade rating is regained.
After closing at $10.34 last night, shares of Ford are down another 1.4 percent to $10.22 Friday morning.
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