Ford Motor Co.'s (Ford) performance in North America continues to support good overall automotive cash flow and profitability. We believe Ford will act with increasing decisiveness and commitment to restructure Europe to profitability in the face of likely several more years of weak vehicle sales in Europe. We are revising our outlook to positive from stable and affirming our 'BB+' corporate credit rating on Ford. We could raise the rating to investment grade if, among other factors, Ford demonstrates it can improve the balance of profitability across regions. (Watch the related CreditMatters TV segment titled, "What Fueled Standard&Poor?s Outlook Revision On Ford Motor," dated Aug. 14, 2012.) On Aug. 10, 2012, Standard&Poor's Ratings Services revised its