Ford Motor Co. (NYSE:F), moving towards deal discussions with the Canadian Auto Workers party, would intend to hedge a $15 an hour all-in labor cost gap against what the firm pays its US labors, as per reported by a top company executive.
Ford gives $79 per hour for wages and remuneration to its hourly workers in the country, the official reported, who gave the information on the basis of anonymity as discussions were private with the union.
That labor wages rate is the maximum Ford faces internationally and contrasts with $64 per hour in the US, according to that. Ford has almost 4,500 hourly labors at three vehicle and engine-manufacturing facilities in Canada, Kerri Stoakley, a representative, commented in an e-mail.
Its competitors include General Motors Company (NYSE:GM) that surged 2.09% to $20.01 with the total traded volume of 890,860.00 shares and Toyota Motor Corporation (ADR) (NYSE:TM) that moved up 0.63% to $76.36 with the total traded volume of 18,304.00 shares.
Other consumer goods stocks with bullish trend include Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) up 1.23% to $18.11, International Paper Company (NYSE:IP) up 1.66% to $32.41 and Kraft Foods Inc (NASDAQ:KFT) up 0.20% to $39.88, whereas with bearish trend include PepsiCo, Inc. (NYSE:PEP) down -0.36% to $70.08, Avon Products, Inc. (NYSE:AVP) down -0.91% to $16.30 and Philip Morris International Inc. (NYSE:PM) down -0.80% to $89.27.
Ford Motor Company (NYSE:F) stock reports on July 18, 2012 increased 0.70% to the trading price of $9.40 at 10:19AM EDT. Its fifty two week range is $9.05-$13.44. The total market capitalization remained $35.87 billion.
The overall volume in the current trading session is 5.45 million shares. In its share capital Ford has 3.82 billion outstanding shares among them 3.73 billion shares have been floated in market exchange. Ford stock institutional ownership remained 55.06% while insider ownership included 0.39%.
Ford is ahead its 52 week low with 5.26% and lagging behind from its 52 week high price with -29.08%. Ford last month stock price volatility remained 2.31%. The stock price of Ford is moving down from its 20 days moving average with -2.87% and remote negatively from 50 days moving average with -6.81%.
Ford current year earnings per share experienced an addition with 197.00% while its current quarter performance remained -21.25%. Company’s beta coefficient included 2.32. Beta factors measures the amount of market risk associated with market trade.
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