S&P: Ford results consistent

Standard & Poor's said it views Ford Motor Co.'s fourth-quarter results and the company's outlook for 2012 as consistent with the assumptions incorporated in the fall 2011 upgrade.

Ford's automotive operating cash flow in the quarter was only $700 million (after a working capital use of $400 million); for 2011 it was $5.6 billion.

For the rating, S&P said it assumes Ford will generate annual automotive operating cash flow in its global automotive operations of at least $2 billion to $3 billion in the next few years.

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