Ford Motor Co. bristles following a reduction to near junk status of its long-term debt rating by Standard & Poors. “The change in Ford Motor Co.’s credit rating does not reflect the fundamental strength of our business,” replies Allan Gilmour, the auto maker’s vice chairman and chief financial officer. “Our revitalization plan is on track. On the automotive side, we have strong liquidity with nearly $26 billion in gross cash, less than $1 billion in debt coming due ...

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