Breaking! Morgan Stanley Loves Debt, Gives Ford Upgrade

Morgan Stanley's auto analyst Jonathan Steinmetz upgraded shares of FoMoCo stock today from "equal weight" to "overweight" — a term we've heard is good, but only when it's not from Edy's Gourmet ice cream. Steinmetz points to the automaker's liquidity and a "path to sustainable cash flow" as his reasons for upgrading the Dearborn-based automaker. Yes, because taking out $23.5 billion in bonds and loans — that's one way to gain liquidity.

Ford shares rise after upgrade [Reuters]

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Jalopnik Team Party Crash: Ford Wishes Us Happy Holidays, We Eat Their Debt-Leveraged Brand Image; Have You Received A Buyout Offer From Ford Lately? [internal]