30th June 2010

Ford Uses Cash To Slash Debt by $4 Billion

posted in Car News Articles |

DEARBORN, Michigan — Saying that it is “increasingly confident about the future,” Ford on Wednesday announced it is cutting its debt by paying $4 billion in cash to a union health-care fund. The cash payment is widely seen as a significant sign of the automaker’s confidence in its products and profitability, since Ford had the choice of paying some of the debt in stock.

Read more

This entry was posted on Wednesday, June 30th, 2010 at 9:06 pm and is filed under Car News Articles. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.