A lawsuit filed on behalf of shareholders of Ford Motor Co. in U.S. District Court for the Southern District of New York on Jan. 29 alleges the auto maker artificially inflated its stock price over the last two years, when it didn’t divulge the high payments it promised to make on certain precious metals. In the fourth quarter of 2001, Ford took a $1 billion pretax charge to cover the drop in price of some metals that it had stored, largely palladium, with the hope that prices would rise ...
Premium Content (PAID Subscription Required)
"Shareholders File Suit Against Ford" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.