Ford Motor Company has released an official statement after it received an upgrade to its credit rating by Standard and Poor’s Rating Services. The statement comes from Ford Motor Company executive vice president and chief financial officer Bob Shanks:
“The fact that we are now rated investment grade by all four major ratings agencies is further evidence of the continued progress the Ford team is making delivering our One Ford plan. Our plan is to maintain investment grade throughout an economic cycle. All of us at Ford remain laser focused on our One Ford plan to deliver profitable growth for all.”
The Motrolix Take
On a global scale, Ford’s progress is undeniable and unmistakable. And in that regard, the automaker, its strategy, and its employees should get full credit for the firm’s stellar performance over the last several years. On the other hand, Lincoln has been and continues to remain a question mark. Let’s hope that FoMoCo makes turns it into a “star” — in business speak — before the end of the decade.
Nevertheless: One Ford plan, for the win!