Radar Movers: Facebook Makes New 52-Week High, New iPhone Coming to China?
Shares of Ford Motor (NYSE:F) fell 1.7 percent on Friday, despite Standard & Poor’s revising its credit outlook on the automaker to investment grade. “The North American performance has been much better than we would have anticipated,” Dan Picciotto, S&P’s primary credit analyst on General Motors (NYSE:GM) and Ford, said today in an interview with Bloomberg. “It’s hard to understate how much cost has been taken out of the North American operations before, during and after 2008 and 2009. They’re certainly in a much better cost position.” GM’s credit outlook was raised from stable to positive.