Ford Facing A Difficult Future

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About: Ford Motor Company (F)
by: Michael A. Gayed, CFA
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Summary

In September this year, Moody's downgraded Ford's rating to junk and now S&P downgraded it to BBB- just above junk.

Q3 2019 numbers beat the market expectations; however, management lowered the earnings estimates for the rest of the year.

The future looks tough due to factors like the auto industry slowdown in the international market and the ongoing restructuring phase of the company.

Failure is simply the opportunity to begin again, this time more intelligently. – Henry Ford

In the previous article on Ford, I mentioned the difficulties the company might face surviving the next recession. Let’s look