NEW YORK (TheStreet) -- Ford Motor Co. (F) , looking to widen the appeal of a quintessential muscle car, today will begin building the sixth generation of its 50-year-old Mustang sports car at a Michigan plant that it will export to more than 120 countries, Bloomberg reports.
TheStreet's Ruben Ramirez spoke with Ford's President of the Americas, Joe Hinrichs about the new Mustang:
For the first time, a right-hand-drive version will be made, for sale in more than 25 markets such as the U.K., Australia and South Africa, the company said.
Shares of Ford are slightly lower in pre-market trade.
TheStreet Ratings team rates FORD MOTOR CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate FORD MOTOR CO (F) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels, increase in stock price during the past year, growth in earnings per share and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."