The Ford Motor Company has been dealt a blow by credit rating agency Moody’s Investors Service, which has cut the carmaker’s credit rating to junk on doubts that a turnaround plan by chief executive Jim Hackett will generate earnings and cash quickly enough.
Last Sunday was one of those days when Croke Park began to look its age. The bucket seats on the Lower Cusack Stand sat a faded shade of bluey gray and the concrete holding up any sporting edifice takes on a gloomy hue when the sky spits and coats the walls with damp.
As a motoring hack — or, indeed, a critic of any kind — it is always a tad worrying when you are complimented for being too kind to any given subject. In my case, it gets very worrying indeed when car company executives pally-up to tell you that you’ve really been too kind to their brand in recent times.