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GasBuddy News Article


Ford shares cheaper than gas
Friday, October 10, 2008
The Financial Post -- Shares in Detroit's two publicly-traded automakers plunged Thursday over concern they may run out of money to fund their turnarounds before U.S. auto sales rebound.

General Motors Corp. stock fell nearly 15% in early trading on the New York Stock Exchange, dropping below US$6 a share for the first time since the summer of 1951, according to MarketWatch.

Shares in Ford Motor Co. sank 4% to US$2.55, making one Ford share cheaper than a gallon of gasoline in the United States.

The average price for a gallon of gasoline cost $3.18 in Detroit and $3.36 nationally as of Thursday morning, gasbuddy.com reported on its website.


Visit The Financial Post for full article

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JT
Moderator

Message Posted: 10/10/2008 9:54:33 AM  Ignore JT Report Abuse
Friday, October 10, 2008
The Financial Post -- Shares in Detroit's two publicly-traded automakers plunged Thursday over concern they may run out of money to fund their turnarounds before U.S. auto sales rebound.

General Motors Corp. stock fell nearly 15% in early trading on the New York Stock Exchange, dropping below US$6 a share for the first time since the summer of 1951, according to MarketWatch.

Shares in Ford Motor Co. sank 4% to US$2.55, making one Ford share cheaper than a gallon of gasoline in the United States.

The average price for a gallon of gasoline cost $3.18 in Detroit and $3.36 nationally as of Thursday morning, gasbuddy.com reported on its website.

Visit The Financial Post for full article
REPLIES (newest first)
MrCar
All-Star Author
Los Angeles

Posts:601
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Message Posted: 12/2/2008 12:26:05 PM  Ignore MrCar Report Abuse
Let's not get off the subject, We Need To Conserve!
4eyedstang
Sophomore Author
Atlanta

Posts:181
Points:36,200
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Message Posted: 12/1/2008 11:58:20 AM  Ignore 4eyedstang Report Abuse
Neither does GM.
dmina425
Rookie Author
Georgia

Posts:41
Points:13,200
Joined:Oct 2008
Message Posted: 10/22/2008 6:20:58 PM  Ignore dmina425 Report Abuse
GM in the tank, and they start talking about buying Chrysler? Maybe I'm a bit slow, but I just don't get it.
ramfreak2003
Rookie Author
Houston

Posts:3
Points:3,310
Joined:Oct 2008
Message Posted: 10/22/2008 4:13:33 PM  Ignore ramfreak2003 Report Abuse
Wow, who would have guessed that. No one wants to belive me that Ford bites!
papou
Champion Author
Tampa

Posts:3,759
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Message Posted: 10/20/2008 9:46:46 AM  Ignore papou Report Abuse
So is their Quality !
leadfoot46
Veteran Author
Georgia

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Message Posted: 10/19/2008 11:46:36 PM  Ignore leadfoot46 Report Abuse
Are we going to bail ford out?
Sneakers55
Champion Author
Houston

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Message Posted: 10/16/2008 9:17:29 PM  Ignore Sneakers55 Report Abuse
gaschicCT wrote:

>How can GM be talking about taking over Chrysler if their own stock
>is in the ******? Do they want a bailout too??????

GM owns 49% of GMAC. Cerberus owns 81% of Chrysler.

What they're considering is having GM swap their GMAC holdings to Cerberus while Cerberus swaps their Chrysler holdings with GM. No stock required.
Jagman98
All-Star Author
Louisville

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Message Posted: 10/14/2008 8:55:43 AM  Ignore Jagman98 Report Abuse
I think FORD made some mistakes.....but those that pay for it are the 1,000's of workers...not the hundred's of executives that made the mistakes....like moving plant out of the US while Toyota and Honda, Kia, Hyundia, Subaru and others were moving into the US....
Kowkisser
Veteran Author
Albany

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Message Posted: 10/14/2008 8:03:41 AM  Ignore Kowkisser Report Abuse
I had one of those fix or repair daily fords. But there is one good thing I'ss say about it. It would keep running anyway.

I blew a 3 inch hole in the radiator. Drove 180 miles on a dry radiator when it was 80+ degrees. Car was okey.

My spark plug wires were in bad shape. 2 plugs were still brand new after 50k miles. 2 others barely touched. Was running a 6 cyl car on 4 cyl and sometimes 2 cyl. Ran through the Catskills and Adirondacks. Sometimes would stall out on very long drives. Let it rest, and then it was okey.

Loved the car. A ford Taurus (1986), that I had up to 28 mpg on the highway. Was running great till I hit a telephone pole at 40 mph in the snow. (The car had 150k miles on it.)
thomas41546
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Pennsylvania

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Message Posted: 10/11/2008 6:02:36 PM  Ignore thomas41546 Report Abuse
they need a better idea
21597
All-Star Author
Colorado

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Message Posted: 10/11/2008 12:45:31 PM  Ignore 21597 Report Abuse
drill drill drill
domer2
Champion Author
Gary

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Message Posted: 10/11/2008 12:15:00 PM  Ignore domer2 Report Abuse
bring the 65 mpg car to our shores and the price will go up.
Honda_Insight
Sophomore Author
Lexington

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Message Posted: 10/11/2008 12:04:13 PM  Ignore Honda_Insight Report Abuse
First On Race Day
bbreff
Champion Author
Atlanta

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Message Posted: 10/11/2008 11:47:47 AM  Ignore bbreff Report Abuse

Without gas, people cannot buy cars.

Right now, I would not consider FORD or GM as a possible stock purchase, especially since they are talking a possible merger.
RLH68
Champion Author
Orlando

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Message Posted: 10/11/2008 10:42:47 AM  Ignore RLH68 Report Abuse
I'm not surprised, considering how GM and Ford have fallen way behind in keeping up with the general publics desire for more fuel efficient vehicles. Instead they keep pushing the gas guzzlers in their ads. Sort of like bush, sitting in his office completely out of touch with the little people.
janctx
All-Star Author
Texas

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Message Posted: 10/11/2008 9:45:24 AM  Ignore janctx Report Abuse
How sad that this has happened to us all, We should have bought American instead of from other countries. May God Bless us all
Lvbg0516
All-Star Author
New Jersey

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Message Posted: 10/11/2008 9:39:23 AM  Ignore Lvbg0516 Report Abuse
Wow! Well I'm not a Ford person anyway.
LOL right on Matts Pap
Matts_Pap
Champion Author
Pennsylvania

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Message Posted: 10/11/2008 9:36:02 AM  Ignore Matts_Pap Report Abuse
F:Fix O:or R: Repair D: Daily
jjulson
All-Star Author
North Dakota

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Message Posted: 10/11/2008 9:35:59 AM  Ignore jjulson Report Abuse
So are a lot of other stocks
laddyboy62
Champion Author
Riverside

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Message Posted: 10/11/2008 9:35:43 AM  Ignore laddyboy62 Report Abuse
sorry state of affairs
gaschicCT
Veteran Author
Hartford

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Message Posted: 10/11/2008 9:34:28 AM  Ignore gaschicCT Report Abuse
How can GM be talking about taking over Chrysler if their own stock is in the ******? Do they want a bailout too??????
NYRfan
Veteran Author
Cincinnati

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Message Posted: 10/11/2008 9:32:09 AM  Ignore NYRfan Report Abuse
poor Ford
dre3101
Veteran Author
Austin

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Message Posted: 10/11/2008 9:28:45 AM  Ignore dre3101 Report Abuse
does not sound like a bailout may be necessary...

http://www.cnbc.com//id/27125828
JPGKC
Champion Author
Tampa

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Message Posted: 10/11/2008 9:28:28 AM  Ignore JPGKC Report Abuse
We are a long time away before the pain is over.
Schwartzmdja
All-Star Author
Oklahoma City

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Message Posted: 10/11/2008 9:26:22 AM  Ignore Schwartzmdja Report Abuse
It's great that gas is going down, but I think our economy is in real trouble.
21597
All-Star Author
Colorado

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Message Posted: 10/11/2008 9:26:10 AM  Ignore 21597 Report Abuse
don't ya just love it that the gov is gonna end up ownin the babks then they will know everything about you. even if you forgot to declare that ten dollar check for mowin the neighbors lawn
priceranger
Rookie Author
New York

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Message Posted: 10/11/2008 9:23:58 AM  Ignore priceranger Report Abuse
Just another reason why oil needs to come off the commodity market. The speculators have really put a hurting on this country which is obviously effecting the whole world.
gas1prospector
Champion Author
Toronto

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Message Posted: 10/11/2008 9:23:41 AM  Ignore gas1prospector Report Abuse
I wonder if the execs over at Ford and GM will finally realize where there arrogance has brought them. Nevermind blaming the current Economic situation or high gas prices, the car buying public has been ignored too long. What is so difficult about just making a normal family car that gets you from point A to point B. Bigger is not better. More Bells and whistles are not required. All the customer ever wanted was good value for their hard earned dollar.
If these former behemoths don't come to their senses, the only good thing for their stock certificates, will be for lining Bird Cages.

[Edited by: gas1prospector at 10/11/2008 10:25:21 AM EST]
Don20
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Oklahoma City

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Message Posted: 10/11/2008 9:21:59 AM  Ignore Don20 Report Abuse
They would not build what the public wanted, (small economical vehicles) instead they tell the public what they want. The day of truth has arrived. The economy has not helped either..
DarthDadJr
All-Star Author
Virginia

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Message Posted: 10/11/2008 9:21:52 AM  Ignore DarthDadJr Report Abuse
Bad times for everyone in MI.
Shadowwarrior
Rookie Author
Pennsylvania

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Message Posted: 10/11/2008 9:21:11 AM  Ignore Shadowwarrior Report Abuse
Government won't let any of the "Big 3" go belly up.
If ya have the money to spare I would grab some of their stocks cause for one they can not go too much lower so the only direction is up once people get into their heads that things are going to improve.

[Edited by: Shadowwarrior at 10/11/2008 10:22:00 AM EST]
bigmaninarig
All-Star Author
Missouri

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Message Posted: 10/11/2008 9:20:50 AM  Ignore bigmaninarig Report Abuse
They print their own money; so why not...!?!
Zygnatz
Champion Author
British Columbia

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Message Posted: 10/11/2008 9:19:18 AM  Ignore Zygnatz Report Abuse
What say? Another $700 billion for the big three?
bigmaninarig
All-Star Author
Missouri

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Message Posted: 10/11/2008 9:18:51 AM  Ignore bigmaninarig Report Abuse
Now is the time to buy Ford before it skyrockets again.
gasie1
Champion Author
Maine

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Message Posted: 10/11/2008 9:15:24 AM  Ignore gasie1 Report Abuse
Soon GM and Ford will be looking for a government handout.
DooDaa
Champion Author
Massachusetts

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Message Posted: 10/11/2008 9:13:56 AM  Ignore DooDaa Report Abuse
Maybe the new car prices will come down too..
Takmygas
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Indianapolis

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Message Posted: 10/11/2008 9:12:32 AM  Ignore Takmygas Report Abuse
GM will get bailed out first...
Nannabug
Veteran Author
Georgia

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Message Posted: 10/11/2008 9:11:34 AM  Ignore Nannabug Report Abuse
"Woo Hoooooo I just made 90 days of posting I can't wait for my new fast blue car"

Glad to know I am not the only one looking forward to getting those little lines :) Be just my luck that on my 89th day there will be a power out for some reason and I will get bumped back to day 1 :(

90 days is a long time!
bdrviper
Champion Author
Grand Rapids

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Message Posted: 10/11/2008 9:11:00 AM  Ignore bdrviper Report Abuse
bummer when it says buy american it should also say built in america
Lonewolftx
Champion Author
Houston

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Message Posted: 10/11/2008 9:09:57 AM  Ignore Lonewolftx Report Abuse
Not a good sign . . .
zeljko
All-Star Author
Greensboro

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Message Posted: 10/11/2008 9:08:24 AM  Ignore zeljko Report Abuse
that is what it is worth
21597
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Colorado

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Message Posted: 10/11/2008 9:07:42 AM  Ignore 21597 Report Abuse
Buy American
F250CA
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Oakland

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Message Posted: 10/11/2008 9:07:22 AM  Ignore F250CA Report Abuse
Woo Hoooooo I just made 90 days of posting I can't wait for my new fast blue car
rockinrog
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Ontario

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Message Posted: 10/11/2008 9:06:03 AM  Ignore rockinrog Report Abuse
corporate greed has finally caught up with the USA.....maybe this suffering will help clean it up.
bubbajeb
Sophomore Author
New York

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Message Posted: 10/11/2008 9:04:42 AM  Ignore bubbajeb Report Abuse
American automakers need to step it up as well.. They need to start making the parts in America again. Get Americans their jobs in the factories back. Stop outsourcing customer service reps to the Middle East, let me talk to someone in America!

[Edited by: bubbajeb at 10/11/2008 10:05:12 AM EST]
Pseudorious
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Philadelphia

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Message Posted: 10/11/2008 9:02:57 AM  Ignore Pseudorious Report Abuse
murphy50,

Please keep your racism and illiteracy to yourself.
takethe_point
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Omaha

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Message Posted: 10/11/2008 9:01:45 AM  Ignore takethe_point Report Abuse
Seems kinda hard to buy american cars, when all the parts that are in american cars are made from other countrys.
rgb42722
Veteran Author
Kentucky

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Message Posted: 10/11/2008 9:01:02 AM  Ignore rgb42722 Report Abuse
So sad.
bubbajeb
Sophomore Author
New York

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Message Posted: 10/11/2008 8:59:33 AM  Ignore bubbajeb Report Abuse
murphy50.. You hit the nail on the head. Everyone is so quick to say if ford had done this, and ford had done that... It's the American peoples fault..Keep supporting the foreign car markey. You are only hurting Americans when you buy foreign murchandise. I personally have NEVER, not even my first rat-box car, owned anything but an American made car. Support your country, buy MADE IN THE USA on everything, and you will help your own economy start to recover!!!
cableman31
Champion Author
New York

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Message Posted: 10/11/2008 8:58:56 AM  Ignore cableman31 Report Abuse
A sorry state of affairs. Thank you G.W.
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