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mrgto

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Everything posted by mrgto

  1. I think I was one of those old timers when this board first appeard. I used to love giving Brian99 shit. :D
  2. http://news.yahoo.com/s/ap/20060111/ap_on_...d_credit_rating Moody's Lowers Ford's Credit Ratings By DEE-ANN DURBIN, AP Auto Writer 2 hours, 31 minutes ago Moody's Investors Service lowered Ford Motor Co.'s credit rating further into junk status Wednesday, predicting the company will remain under considerable financial stress through 2007 even with a pending restructuring. Moody's cut Ford's rank two levels to Ba3 from Ba1. Moody's also lowered the long-term rating of Ford's credit arm, Ford Motor Credit Co., two levels to Ba2 from its lowest investment-grade rating of Baa3. The moves will make it more difficult for Ford and Ford Credit to borrow money. Moody's action comes a week after Standard & Poor's Ratings Services also lowered Ford's corporate credit rating further into junk territory. S&P also cited concerns about the No. 2 U.S. automaker's ability to turn around its North American operations. Ford lost more than $1.4 billion in its North American operations in the first nine months of 2005. But at the North American International Auto Show this week, Ford Chairman and Chief Executive Bill Ford said the company is making a profit in other regions. Ford plans to announce 2005 earnings on Jan. 23. Also on Jan. 23, Ford plans to announce details of a restructuring that is expected to include plant closures and job cuts. The automaker typically doesn't comment on ratings actions, but when asked about the S&P downgrade this week, Bill Ford said it was disappointing. "Nobody likes to be downgraded," he said. "It's up to us to prove their analysis wrong." Moody's said Ford will have trouble sustaining market share in its core markets. Ford's U.S. sales fell 4 percent in 2005. Moody's also said Ford's cost structure isn't competitive because of high labor rates and too much plant capacity. Moody's said some bright spots for Ford are the upcoming restructuring and strong sales of its mid- and full-size cars, including the Ford Fusion. Ford and Ford Credit have approximately $130 billion in debt, Moody's said. Ford shares rose 16 cents to close at $8.93 in trading on the New York Stock Exchange. ___ On the Net: Ford Motor Co.: http://www.ford.com
  3. Firebird and Trans Am have a negative connotation in the general publics mind. It screams mullets, Smokey and the Bandit and lousy cars. Those names are NOT coming back. GTO was a more hallowed name than either of them and the latest GTO, albeit blander styling, has been much better recieved as far as quality and luxury than the last of the F-bodies. A new Camaro and GTO built together with the GTO being more upscale will do wonders for GM.
  4. http://www.roadandtrack.com/article.asp?se...article_id=3124
  5. Really? Which Cobalt Model? THe SS? The base? which one are you talking about?
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