Related News
Ford to accelerate debt repayments
By Tom Krisher |
December 21, 2009, Monday
|
Print Edition
Print Edition
FORD Motor Co CEO Alan Mulally has said the auto maker plans to speed up its debt repayments as its financial condition continues to improve.
Mulally also told reporters at a briefing on its new vehicles last Friday that Ford will keep its advantage over Chrysler and General Motors next year. Ford has gained sales and market share while its Detroit competitors were forced to take government aid and go through bankruptcy protection.
Ford has about US$27 billion in debt. Mulally said the company repaid US$10 billion this year and has sold US$1.6-billion worth of stock.
He said the auto maker will accelerate payments as it continues to move toward profitability in 2011.
Ford mortgaged all of its assets three years ago to borrow US$23.5 billion. The loans allowed it to avoid bankruptcy.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
