DebtRestructuring

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 ...

When General Motors and Chrysler took government loans to stay in business, the two Detroit automakers had to agree to meet a number of restructuring targets. Since Ford had enough cash and credit to sustain itself, it didn't have to comply with any of those same targets, but that isn't stopping ...