Ford Credit says finances, liquidity are sound

Newswire

NEW YORK, Sept 24 (Reuters) - Ford Motor Co.'s finance arm, whose bonds have taken a beating this week, said on Tuesday it plans to borrow less in 2003, and that despite a surge in customer bankruptcies is in sound financial shape. "Leverage is down and our liquidity is very good," said Greg Smith, chief operating officer of Ford Motor Credit Co., in the finance arm's quarterly conference call. The unit of the Dearborn, Michigan automaker, the world's second largest, has sold fewer ...

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