Lessened Bankruptcy Fears Lift Ford Shares
As of midmorning trading, shares of Ford Motor (F) are slightly higher for the third straight day as analysts upgraded the struggling automaker's stock, in spite of reports that Toyota (TM) will overtake Ford by mid-2007 in terms of sales volume. The optimism seems to be due to diminishing concerns that Ford will have to file for bankruptcy protection, its recent cash infusions, and even a certain amount of bullishness over some of the company's new products and new chief executive officer.
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