Sizable market shares across most major vehicle segments Geographic breadth and scale Favorable 2007 union contract, and possible further industrywide concessions Potential for some government support for liquidity in 2009 Heavy cash use from automotive operations, which will likely reduce liquidity in 2009 Potential need to support suppliers if GM or Chrysler file for bankruptcy or if sales volumes remain low High fixed costs and excess production capacity in North America, especially for light trucks Overdependence on pickups and SUVs for profitability Declining market shares as customer demand shifts to smaller vehicles Weak financial performance and heavy funding needs of Ford Motor Credit Co. The ratings on Ford Motor Co. and related entities reflect the possibility that the multiple problems
