Ford was the only one of Detroit's three automakers able to avoid taking a direct government bailout in 2009 to bypass bankruptcy. However, that doesn't mean it hasn't been able to benefit from some government largess.
Ford Debt Pay Down
Ford ended the first quarter with a knee-wobbling $34 billion in debt, but the Blue Oval has been making good on its bills in impressive fashion over the past three months. The automaker has paid off $7 billion in loans in the second quarter, saving the company $470 million in annual interest payments.