Ford’s (F) worst days might be behind it, Guy Adami said. He believes the automaker will sell its Land Rover and Jaguar divisions and come to terms with the U.A.W. The stock is worth $9.75, he said. The moves higher in Lear (LEAR) and BorgWarner (BWA), two of Ford’s suppliers, bode well for the company, he said.
Jeff Macke joked that things have been so bad for so long at the American automakers that “merely waking up” at General Motors (GM) or Ford has been good for the stocks.