General Motors Company (GM): Ford Motor Company (F) Doesn’t Want This Week To End

Electrified sales
Since we’re running out of regions to post data from, let’s switch gears to a different segment: electrified vehicles. Ford announced Thursday that it delivered its best August in electrified vehicle sales with over 8,292 sales – a 288% increase over last year. Ford’s C-MAX Hybrid has been a key driver in sales recently, and nearly two-thirds of the sales come from consumers trading in other car brands – the top two being Toyota’s Prius and Honda’s CR-V.

One last thing
As I mentioned, it’s been a solid week for folks at the Blue Oval, but there’s one last newsworthy headline for investors. S&P increased Ford to BBB-, or investment grade, and was the last major ratings company to do so. Bob Shanks, executive vice president and chief financial officer at Ford Motor Company (NYSE:F), had this to say.

“The fact that we are now rated investment grade by all four major ratings agencies is further evidence of the continued progress the Ford team is making delivering our One Ford plan. Our plan is to maintain investment grade throughout an economic cycle. All of us at Ford remain laser focused on our One Ford plan to deliver profitable growth for all.”

Crosstown rival General Motors Company (NYSE:GM) still has work to do to attain investment grade ratings, but has a chance to do so over the next year as Detroit automakers are reaping profits not seen in a decade. For Ford, this was just another great week in what looks to be a bright future, and it remains one of my favorite investments.

The article Ford Doesn’t Want This Week To End originally appeared on Fool.com and is written by Daniel Miller.

Fool contributor Daniel Miller owns shares of Ford and General Motors. The Motley Fool recommends Ford and General Motors. The Motley Fool owns shares of Ford.

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