Ford Reducing its Debt Load Despite Flattening Sales

NULL - June 29, 2010

Ford has said its debt load now puts it at a dis­ad­van­tage against GM and Chrysler, which had their oblig­a­tions cut in bank­rupt­cy. Ford is pay­ing in excess of min­i­mums to UAW Retiree Med­ical Ben­e­fits Trust and oth­ers with cash instead of stock sig­nal­ing finan­cial strength and con­fi­dence in its brand prof­itabil­i­ty.