Ford in Serious Financial Trouble

Discussion in 'The Champagne Room' started by SRT-Tom, Aug 30, 2018.

  1. SRT-Tom

    SRT-Tom Full Access Member

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    Ford Motor Corporation is in serious financial trouble. :surprise:

    I am sure that MOPAR fans won't shed a tear, but Moody's Investors Service has issued an alert that it had downgraded the rating of Ford Motor Co. to Baa3- just above junk status and one rung above speculative grade- and said "the outlook is negative." It further said that "the rating signifies the likelihood of a default and reflects the erosion in the company's global business position and the challenges it will face implementing its fitness Redesign program."

    Ford is in this position due to "softening profit margins in North American driven by higher costs, reversal of ts Chinese operations, strain in the South American operations and continued losses in Europe."
     
  2. ZEN357

    ZEN357 Full Access Member

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    Not surprising with them announcing they will only be building two cars and the rest of their lineup will be Trucks and SUV's.
     

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