NEW YORK (Standard&Poor's) July 25, 2012--Standard&Poor's Ratings Services said today that Ford Motor Co.'s (BB+/Stable/--) second-quarter results have no impact on the rating or outlook. North American profits continue to dominate the results; margins for that market were consistent with our ongoing expectations at 10.2% (albeit lower than the 11.5% last quarter), but most other regions were loss-making. Given the outlook for some of these other markets, especially a very weak outlook in Europe, we expect North America to generate the vast majority of Ford's profits and cash flow in 2012. This could also be the case in 2013, absent an improved European market, which we do not expect, and Ford's own success in addressing European
