Although the decision Moody's made today is disappointing, it doesn't shake our determination to achieve continued success as a global automaker. |
Barbara has served Ford well in her role in Investor Relations. She always put the Company's interests first, and we wish her well in her future endeavors. |
In comparison with a year ago, the biggest improvement reflected cost reductions and favorable net pricing. |
It was a tough quarter -- no question. But we have a plan to rectify this. |
It's very reasonable to assume that we are going to have a payback coming. |
Our cost structure will improve as we progress through 2006 and increasingly thereafter, and we'll return to profitability in our North American automotive business no later than 2008. |
This transaction reinforces our commitment to strengthening our balance sheet and investing in our core automotive business. |