Ford Falls as Cheap Fuel Raises Concern F-150 Too Expensive
This article is for subscribers only.
Ford Motor Co., starting to ship its new aluminum-bodied F-150 pickup, fell to the lowest in five weeks after Deutsche Bank AG downgraded the automaker on concern that the truck won’t command premium prices amid low fuel costs.
The shares dropped 4.7 percent, the most in 11 weeks, to close at $14.28, the lowest since Nov. 10. Ford is off 7.5 percent so far this year, while the Standard & Poor’s 500 Index has gained 7.6 percent.