REFILE-UPDATE 2-Ford plans to secure $18 bln in financing

Newswire

(Refiles to add dropped word "to" in second paragraph) (Adds details of new borrowing, bond prices, rating action.) By Walden Siew and Poornima Gupta NEW YORK/DETROIT, Nov 27 (Reuters) - Ford Motor Co. said on Monday it plans to borrow $18 billion by pledging assets as collateral, an unprecedented requirement that highlights its worsening financial condition. The deal is expected to finance Ford's efforts to rescue a North American operation that has lost billions of dollars and comes ...

Premium Content (PAID Subscription Required)

"REFILE-UPDATE 2-Ford plans to secure $18 bln in financing" 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: lwilliamson@wardsauto.com or phone: (248) 799-2642
 

Current subscribers, please login or CLICK for support information.

Already registered? here.
Insights

Dec 6, 2016
Video
WardsAuto

2017 Wards 10 Best Engines: Falling in Love With 6-Cyl. Turbos 2

BMW and Ford each have two stout turbo-6s in the hunt this year, while Infiniti has one. All five are smooth, extremely refined, reasonably fuel-efficient and dishing up loads of horsepower and torque....More

Enewsletters

Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×