Ford Motor’s stock continues to move in reverse even after the automaker reported record pretax profit for 2015. Ford reported strong results in North America, Asia Pacific, and even in Europe, which finally returned to profitability. Regionally, South America was its only weak spot. Ford CEO Bob Shanks believes U.S. auto sales will remain strong in 2016, and sales in Asia Pacific this year will exceed 2015 results. Shanks doesn’t see any near term effects from an expected rise in interest rates on consumers. Yet Wall Street didn’t applaud Ford’s results, as its stock continued to trend lower. Shanks said he believes there’s a lot of emotional trading on Wall Street, and that investors are worried about broad macro themes that he’s not seeing, such as peaking auto sales. ‘All I can hope is that once everything calms down, they look at the value that we’re creating around a growing business, profitability, expanding margins, an improved risk profile, and greater shareholder distributions, and we’ll get the credit we deserve.’ TheStreet’s Rhonda Schaffler has details from New York.
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