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S&P: Ford unchanged
Standard & Poor's said it views Ford Motor Co.'s third-quarter results as consistent with its recent upgrade.
Although Ford's automotive operating cash flow in the quarter was only $400 million, it seems very likely to exceed $5 billion this year, consistent with assumptions, S&P said.
The automaker announced a consolidated pretax profit of $1.9 billion for the third quarter, down sequentially and year-over-year, the agency said.
The automobile sales recovery in the United States is viewed as fragile because of a weak economic recovery, S&P said.
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