Ford Motor Co. is stepping up efforts to repay its outstanding automotive debt and now says it is on a path to have its cash on hand equal to its debt load by year’s end. “We’re ahead of where we thought we could be on improving our balance sheet and repaying our loans,” CEO Alan Mulally says in a conference call with analysts and reporters to discuss third-quarter financial results. The auto maker today took a step toward knocking some $3.6 billion off its balance sheet with the ...
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