Ford Announces It Has Successfully Reduced Its Debt By $9.9 Billion - Autoblog »
Posted By TimALoftis 9 months ago in Business & Finance
The Ford Motor Company has announced that it has completed more of its financial restructuring initiatives, lessening its debt by some $9.9 billion (from a starting place of $25.8 billion at the end of last year). The company says this move will lower its annual interest costs by more than $500 million. Ford and its financing arm, Ford Credit, are using 468 million shares of stock and $2.4 billion in cash to reach that figure.
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TimALoftis
Taught At A Very Young Age To Never Get Caught Standing On The Wrong Side Of History When It Comes To Issues Of
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