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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 →

Ford delays car payments for victims of Iowa tornado Dan Roth

Ford Credit looking for its own Way Forward Damon Lavrinc

Ford Credit will close 60 offices Damon Lavrinc

Another Ford exec retires: A.J. Wagner of FoMoCredit Damon Lavrinc

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Ford announces it has successfully reduced debt by $9.9 billion 8 months ago on Autoblog

Ford delays car payments for victims of Iowa tornado 1 year ago on Autoblog

Car payments are way down on the list of concerns for victims of the recent tornados in Iowa. Thus, Ford Motor Credit has introduced a Disaster Relief Program that will offer grace from one or two monthly payments to qualified customers. Lease customers, or buyers who financed purchases through ...

Ford Credit looking for its own Way Forward 3 years ago on Autoblog

The cutting and slashing continues over at FoMoCo's finance arm, Ford Motor Credit. On Tuesday they announced the closing of 59 offices within the U.S. and the elimination of 2,000 jobs from its 8,500 strong workforce in the United States and Canada. Additionally, the number of regional offices ...

Ford Credit will close 60 offices 3 years ago on Autoblog

Soon after Ford Motor Credit's Pres. A.J. Wagner announced his retirement, the automaker revealed more cuts to the finance arm of their North American operations. This latest round of cutbacks will involve the closure of 60 branch offices in addition to a series of reductions in their regional ...

Another Ford exec retires: A.J. Wagner of FoMoCredit 3 years ago on Autoblog

After 33 years with FoMoCo, A.J. Wagner will retire on January, 1st 2007. Holding both a Vice President's position for the automaker and serving as the president of Ford Motor Credit Company in North America. Wagner's departure, according to the man himself, serves to make Ford, "a smaller, leaner ...

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Chris, Dan, and Editor Paukert chat and give each other grief. Merriment ensues.

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