The automaker's lackluster performance in profit margin and free cash flow leads the credit rating agency to relegate Ford's debt to junk status.
Several government measures designed in part to bring manufacturing jobs back to the United States are having the opposite effect so far.
The cuts come amid falling demand for vehicles and pressure to streamline operations.
The automaker is laying off about 10% of its global salaried workforce as part of its restructuring effort.
Ford, Interscope Geffen A&M Records, Plantronics, Univest Financial, Ready Capital, Meritor, Franklin Resources, CNO Financial, Carbon Black
Ford hired outside experts to investigate its vehicle fuel economy and testing procedures after employees raised concerns.
Technological advancement also promises huge strides for many industries but perhaps a dire fate for others, a futurist tells accountants and auditors.
The automaker has been "under pressure to get specific about cost cuts” amid investor concern over its stock price.
Ford is hoping its investments in new technologies will help it "expand beyond its core auto-making business and enter new transportation-related services."
The company's fourth-quarter performance was particularly strong in Europe, where Ford earned $166 million, up 27% from a year ago.
The decision to scrap a planned $1.6 billion factory in Mexico is a "vote of confidence" in Donald Trump's economic policies, Ford says.
How companies like Uber and Airbnb are showing the way to a new, collaborative economy.
