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 ...
Premium Content (PAID Subscription Required)
"Ford Credit says finances, liquidity are sound" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642