Ford Gets Its Logo Back

At Ford Motor Co.'s Glass House in Dearborn Tuesday afternoon, Executive Chairman Bill Ford Jr. announced to employees over the fire-drill loudspeaker that the automaker had reached a milestone six years in the making: The Blue Oval was theirs again.

Ford reclaimed its Blue Oval and other mortgaged assets Tuesday when it received a long-awaited investment-grade from a second ratings house, the final step it needed to get back the assets it pledged six years ago.

Moody's Corp. upgraded Ford's debt from junk status, one month after Fitch Ratings did the same. The automaker needed two investment-grade ratings to reclaim the company logo, the F-150 and Mustang trademarks, the Glass House headquarters in Dearborn, and plants and machinery. It had used all of them to secure the $23.5 billion loan that kept the company afloat during the recession.



From The Detroit News: http://www.detroitnews.com/article/20120523/AUTO0102/205230368#ixzz1vhHne6UT