NEW YORK (Standard&Poor's) Dec. 8, 2011--Standard&Poor's Ratings Services said today that Ford Motor Co.'s (BB+/Stable/--) announcement that it will commence paying a quarterly dividend of 5 cents per share as of March 1, 2012 (this would equate to about $800 million for an entire year) does not affect the ratings or outlook on the company. Ford has previously indicated that it was considering implementing a dividend. The annual dividend is less than the minimum $2 billion we assume Ford will generate in automotive operating cash flow (reported before dividends) in each of the next few years for the current rating. We believe the company will be able to meet our expectations for the rating, despite the
