Ford stock lost 9.2% over the past month while General Motors fell 8.8% and the S&P 500 barely moved, raising the question of how far it could fall if a market sell-off arrives. Across 15 market shocks since 2007, Ford shares fell 27.2% on average versus 15.8% for the index, and during the 2008–2009 crisis they dropped 82% against 53% for the S&P 500. The median recovery from the low took 6.4 months, and the stock returned to its earlier high after 13 of the 15 shocks, though it still sits 36% below its January 14, 2022 peak close. Sales growth slowed to 1.5% over the twelve months to June 2026, and total debt reached $163 billion, equal to 344% of market value. Management flagged about $1.5 billion of Novelis-related costs for 2026, commodity headwinds above $2 billion, and the loss of a $1.3 billion tariff benefit in 2027.
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