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New York - Is General Motors or Ford Headed For Bankruptcy? Shares Trade At Lowest Level In Their History

Oct 07, 2008 at 03:49 PM

New York - Shares of Ford Motor Co. slid to their lowest price in nearly 23 years Tuesday, as investors remained jittery over the Federal Reserve's decision to buy up corporate debt and Fitch Ratings cut the automaker's credit rating. Ford shares fell 71 cents, to $2.98 in late afternoon trading. a trade not seen since November 1985, according to the Center for Research in Security Prices at...

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