Ford plans to secure $18 billion in financing

Newswire

DETROIT, Nov 27 (Reuters) - Ford Motor Co. said on Monday it plans to obtain financing totaling about $18 billion to address near-and medium-term negative operating-related cash flow, to fund its restructuring, and to provide added liquidity. The borrowings will primarily be secured by liens on principal domestic manufacturing facilities and all of the company's other domestic automotive assets, intellectual property, real property, stock of subsidiaries including Ford Motor Credit Co. and ...

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