Ford earnings revision threatens downgrade



After weeks of credit market consternation over the sorry financial picture at General Motors, Ford Motor Company gave investors further cause for concern in April with a $900 million downward revision to its earnings expectations for 2005. The carmaker blamed higher gas prices, higher health-care costs and higher steel prices for the adjustment to its forecast.

Standard & Poor’s responded to the announcement with a revision of Ford’s ratings outlook to negative from stable, prompting fears that

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