Ford outlook now negative, was stable -S&P

Newswire

NEW YORK, May 22 (Reuters) - Standard & Poor's on Thursday changed its outlook on Ford Motor Co to negative, from stable, citing heightened concerns over the North American auto industry, while Moody's Investors Service affirmed its rating on the auto maker. The change follows Ford's statement on Thursday that it no longer expects to meet a long-held goal of returning to profitability in 2009 and would cut production through the rest of this year in response to a slumping U.S. auto ...

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