Ford CEO rules out bankruptcy filing - WSJ

Newswire

FRANKFURT, June 29 (Reuters) - Ford Motor Co faces stronger headwinds than it anticipated when launching a turnaround plan but has ruled out seeking court protection from creditors, its chief executive was quoted as saying in the Wall Street Journal on Thursday. In an interview with the newspaper Bill Ford dismissed any talk of bankruptcy being a threat, saying "it's not an option". Standard & Poor's cut its rating on Ford debt deeper into junk territory on Wednesday, lowering it one ...

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