ford credit


Ford announces it has successfully reduced debt by $9.9 billion

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. Other parts of the company's debt restructuring efforts include the tendering of approximately $4.3 billion in Senior ... Read more →

Does Washington's GMAC bailout hurt Ford? Jonathon Ramsey

The Wall Street Journal puts forth the case that the government's $5 billion lifeline to GMAC has given GMAC a competitive advantage compared to its rivals. After the taxpayer cash was received, GMAC ...

Ford, Toyota adopt Netflix technology for bill paying Chris Shunk

The long-time comeback for inquiring creditors has always been the once fail-safe "The check is in the mail." That oldie but goodie won't work anymore if you've purchased a new vehicle from Ford or ...

Ford to sell $500m in new stock Chris Shunk

In an effort to secure more capital and reduce debt, Ford plans to sell $500m in new stock. Ford will use the cash infusion to buy bonds from Ford Motor Credit, which has been struggling with the slow ...

More leasing woes: Ford Credit takes big hit on trucks and SUVs Chris Shunk

Fresh off the news that Chrysler financial will no longer play the leasing game comes word that Ford took a $2.1B charge in the second quarter to offset expected losses from truck and SUV leases. ...






Autoblog Podcast #155: 'Twas the night before LA...

Chris, Dan, and Editor Paukert go over some LA Preview action and quietly whoop it up on the podcast.

 
 

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