Ford Looking for $18 Billion November 27, 2006
Posted by Tim Raines in: business, manufacturing, transportation, finance , trackbackNumber two U.S. automaker Ford Motor Company said it plans to acquire approximately $18 billion in financing to help with near- and medium-term negative operating cash flow and with funding for its restructuring.
After the transactions, which Ford expects to close before the end of the calendar year, its “automotive liquidity” will be about $38 billion. The company lost $7 billion between January and September and has said it won’t return to profitability until 2009.
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