Posted on 06/28/2006 11:23:14 AM PDT by george76
Ford Motor Co. shares took a hit Wednesday, pressured as Standard & Poor's pushed the automaker's credit rating deeper into junk status...
At last check, shares of the second-biggest U.S. car manufacturer were down 13 cents, or 2%, at $6.41 -- just 3 cents above their lowest level in nearly 13 years.
The ratings agency downgraded $151 billion in Ford debt by one notch, to a B+ rating, and thus put the rating four levels into speculative-grade territory, with a negative outlook.
"Notwithstanding its multiyear plan to turn around the performance of its North American automotive operations, " S&P said, "we expect the company's financial profile to weaken further during 2006 -- a period when the U.S. economy and U.S. light-vehicle sales are robust."
In January, Ford detailed its "Way Forward" restructuring plan, a centerpiece of which is the planned closure of 14 plants by 2012 and the cutting of as many as 30,000 jobs, as the automaker aims at improving its product lineup and slashing costs.
(Excerpt) Read more at marketwatch.com ...
"Enjoy your horse drawn buggy, because you can't buy a car made by a company who does anything different than Ford. They're all guilty."
What is Ford paying you to spread the lies? GM is not supporting the homo agenda by buying ads with their name on them in a gay mag or parades. If you can show otherwise then go ahead or perhpas is just easier to paint with a broad brush so you can disguise the truth of Ford's despise with the traditional American family and its values.
Money from the government is actually money from the taxpayers. And this taxpayer isn't enthusiastic about bailing out another automaker.
"Come on people, educate yourself before following Wildmon off a cliff."
Ford first and the rest later. I and others have no problem focusing our attention on Ford. We need to make an example of one of them. According to your fuzzy logic we shouldnt care because they all do it. Ford is the worst of the offenders and is clearly anti-famnily therfore they should be first on the list to take down. We'll worry about the rest after Ford bites the dust - I think the others might not want to follow Ford's lead if this boycott proves successful. It has nothing to do with Wildmon(you obviously have some gripe with him) but with believing that there are some things more important than materialistic wants.
"if this boycott proves successful"
These boycotts have NEVER been successful.
If you don't support a bailout then for every failed American business, then you're not very consistent.
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