Big Three Hope Rising Economy Will Lift All Vehicles
Article Abstract:
Ford, GM and Chrysler are predicting an economic recovery for the domestic automotive market in 2004. New marketing efforts begin with January's North American International Auto Show. Market share of the global automotive industry decreased to 60.2% in 2003 from 61.7% in 2002. The Big Three manufacturers have resisted foreign competition in the past by introducing new segments, such as SUVs and minivans while the Japanese continued to offer high-quality models to existing product lines. The improved US economy is expected to be a factor in increased automobile sales combined with aggressive pricing incentives.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2004
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Debt Rating Of Ford Motor Is Downgraded By Agency
Article Abstract:
Standard & Poor's gave Ford Motor Co. a BBB- rating, down from its prior BBB rating for financial performance, or one notch above a 'junk' credit rating. S&P rankings have not been optimistic about automotive industry economic trends despite improvement in demand for cars. The lower credit rating impacts borrowing costs that result from efforts to finance customer car loans. Right now Ford has $180 billion in outstanding debt.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2003
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The Real Consequences of Pension Projections
Article Abstract:
The Securities and Exchange Commission is investigating whether companies such as Northwest Airlines, GM, Ford Motors and Delphi are altering their pension and health care cost projections in order to manipulate earnings.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 2004
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