2. Ford's Q2 was hot, while investors ran from GM recalls
Everything is relative, and relative to General Motor's (NYSE:GM) disastrous quarter that included $2.5 billion in recall costs. Next to GM's new and already embattled CEO Mary Barra, Ford's Fields looks like a supermodel. GM's profits dropped 80%, to $250 million, due to the horribly costly fixes that had to be done to 29 million cars so far this year. Plus, they estimated today that compensation to families of crash victims from their busted ignition switches will be $400 million. GM's stock got smashed by 4.5% Thursday.
Jack Kramer has no position in any stocks mentioned. Nick Martell has no position in any stocks mentioned. The Motley Fool recommends Ford and General Motors. The Motley Fool owns shares of Ford. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.