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11:00 AM Ford (F +1.8%) trades higher after making its celebrated return to investment grade with a boost from Moody's. The action is more than symbolic, as the company now reclaims its iconic blue oval logo, Mustang trademarks, and plant and machinery assets pledged against a $23.5B loan taken out during the recession.
Comment![Consumer]
- 6:47 AM Mazda (MZDAF.PK) and Fiat (FIATY.PK) join forces for the first time with plans to develop a lightweight sports car and explore strategic opportunities in Europe. The linkup between the two automakers leaves Ford (F) with one less partner as a longstanding relationship with Mazda peters out. [Consumer, Global & FX]
- Tuesday 6:20 PM A Booz survey of ~200 auto industry executives finds bullish views abound, as 94% of automaker execs and 92% of auto supplier execs say the sector is somewhat or much better off Y/Y. Profitable growth is seen, with 52% projecting revenue will rise 11% or more, and strong majorities expect Detroit's big three to hold or gain market share next year. [Consumer]
- Tuesday 3:58 PM Ford (F) is upgraded by Moody's one notch to Baa3 with stable outlook. Combining the move with Fitch's upgrade last month makes the automaker an investment-grade credit again. [Consumer]
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at CNBC.com (Wed, 12:41PM)
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at CNBC.com (Wed, 8:48AM)
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Company Description
Ford Motor Company (referred to herein as "Ford", the "Company", "we", "our" or "us") was incorporated in Delaware in 1919. We acquired the business of a Michigan company, also known as Ford Motor Company, that had been incorporated in 1903 to produce and sell automobiles designed and... More