The day of Ford's annual shareholders meeting was shattered by further bad financial news. Moody's Investors Service cut Ford's long-term debt rating to its lowest investment-grade level – one grade above "junk" status. Moody's said the downgrade "reflects the fact that Ford likely won't achieve expected earnings of $4 billion in automotive profits in 2006 and hasn't kept its U.S. market share above 19.5 percent."


I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • From Our Partners

    You May Like
    Links by Zergnet
    Share This Photo X