Nov 3rd, 2009 - The Associated Press
DEARBORN, Mich. (AP) -- Ford Motor Co. said Monday it will ask its lenders for extra time to repay at least some of the $10.1 billion borrowed under a line of credit, and will sell about $3.3 billion in stock and convertible debt to raise more cash.
Ford President and CEO Alan Mulally said that over time the moves will "reduce the company's debt burden, providing an additional cushion given the still uncertain state of the economy." The news came after Ford, the only Detroit automaker to dodge direct government aid and bankruptcy court, reported a surprise quarterly profit of nearly $1 billion and said it will be profitable by 2011.
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US to Sell $81 Billion in Long-Term Debt Next Week
Nov 4th, 2009 - Bloomberg
Nov. 4 (Bloomberg) -- The U.S. Treasury Department saidplans to sell a record $81 billion in its quarterly auctions oflong-term debt next week and replaced its inflation-protected20-year bond with a reintroduced 30-year security.Ford Sells $2.3 Billion of Convertible Notes to Reduce Debt
Nov 4th, 2009 - Bloomberg
Nov. 4 (Bloomberg) -- Ford Motor Co., the only major U.S.automaker to avoid bankruptcy, sold $2.5 billion of convertiblenotes, 25 percent more than planned, in the largest offering ofthe debt this year.
US October Auto Sales Little Changed as GM, Ford Post Gains
Nov 3rd, 2009 - Bloomberg
Nov. 3 (Bloomberg) -- U.S. October auto sales were littlechanged as General Motors Co. and Ford Motor Co. had their firstcombined gain in three years, helping the industry rebound froma drop in demand after the so-called cash for clunkers program.GM, Ford, Toyota US Vehicle Sales Climb as Chrysler Reports 30% Decline
Nov 3rd, 2009 - Bloomberg
Nov. 3 (Bloomberg) -- General Motors Co. and Ford Motor Co.both said U.S. auto sales rose in October, their first combinedincrease in three years, as the industry rebounded from a dropin demand after the so-called cash for clunkers program.Ford Moves To Raise $3 Bln And Delay Loan Maturity
Nov 2nd, 2009 - Wall Street Journal
(Updates throughout and adds analyst comment.) DETROIT (Dow Jones)--Ford Motor Co. (F) intends to raise another $3 billion through a stock sale and convertible debt offering as it looks to trim its massive debt burden.
Related videos from YouTube:
1:47Cash for clunkers helps import sales, yet destroy's used domestic vehicles? seems like a Oxymoron?
*I fully understand even imports will be entered in as clunkers, but most domestics can be seen as clunkers, due to there slightly poorer fuel mileage in the large car or suv or van or pickup truck class, thus this all seems like a oxymoron? why destroy old domestics? they still need parts ...
2:42Ford Loses Money While Unemployment Rate Rises Commercial Paper New Homes Sales
(Best Syndication News) Ford Motor Company reports that they lost $14.6 billion in 2008, the worst year ever for the automaker. Management blamed the bad economy for their woes. Allan Mullally, Fords president and chief executive ...
2:05Special Deal for US Car Makers
3 Dec 2008 US Car maker's roll out scheme to try and save themselves from extinction. Depends on Gov't bail out. Revenue for Big 3 has collapsed. ... ford cm chrsler car bailout debt sales
0:15Managing your debt - consolidate your car loans.
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