Ford May Lose Some Investors to GM IPO, Chairman Says
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Ford Motor Co. Executive Chairman Bill Ford said some investors may reduce their holdings in his company to buy shares in General Motors Co.’s initial public offering and spread their risk across the automobile industry.
“Some money will be rebalanced into GM, but look: our company and GM ultimately are going to succeed or not based upon performance,” Ford, 53, told reporters today at an event in Royal Oak, Michigan. “It doesn’t make any difference to me where our shares are or their shares are on any given day.”