Ford earnings revision threatens downgrade

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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

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