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GM Says It's Not Headed for Bankruptcy

Despite a Possible Credit Downgrade and Plummeting Shares, GM Says It's Not Considering Bankruptcy

In a statement issued to ABC News Detroit affiliate WXYZ, Ford said that while it was disappointed in the drop in share price, it remained focused on growth.

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"While we are always disappointed to see our stock value drop, the most important thing we can do for all of our stakeholders is to focus on our transformation plan," the company said. "If we work together to deliver the plan and create an exciting viable Ford delivering profitable growth for all, the external measures will take care of themselves."

The Associated Press contributed to this report.

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