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Wednesday, January 6, 2010

The Survivor

Detroit was dead when they announce the bankruptcy of General Motors and Crysler. Ford, also an US icon was merely a penny stock back in February of 2009. Yet Ford didn't went to bankruptcy protection.

Fast forward to year 2010, Ford is not only a $11 dollar stock and is also taking away GM's market share as it portrait itself as a energy efficient car maker. GM on the other hand is still a 50 cents stock trading on the Pink Sheet - a place for bankrupt companies.

As far as it looks now Ford is clearly the sole winner of the Big Three automakers. Alan Mulally definitely has done a tremendous job by rescuing Ford from falling apart like GM and Crysler. Even better is the 15% gain in car sales in December so I won't be surprised to see it in $15 by the end of this year.