Sizable market shares across most major North American vehicle segments Geographic breadth, with operations in most significant non-U.S. markets Ample, but still declining, cash balances Cash use from automotive operations, which reduces liquidity High fixed costs and excess production capacity in North America, especially for light trucks Overdependence on pickups and SUVs for profitability Challenges to adjust product line-up as customer demand shifts Heavy funding needs of Ford Motor Credit Co. LLC The ratings on Ford Motor Co. and related entities reflect the multiple business and financial risks the company must overcome to stem its cash use in an uncertain industry and economic environment. Standard&Poor's Ratings Services views Ford's business risk profile as vulnerable and its financial risk
