Ford to reduce $16 billion in debt
March 5, 2009 by Alborz Fallah
Filed under Australian Car Industry News, Car Advice, Ford, GM
Ford Motor Company is planning to reduce its debt by more than $16 billion (US$10.4 billion) in the near future. The plan will see the swapping of company stock and cash for existing debt.
The blue oval’s debt-reduction plans are in line with the US government’s contractual agreement with General Motors and Chrysler to hand out [...]
