Ford will be repaid over 40 billion debt total debt reduced to 270 million
United States Ford Motor Co. said on 30 June, the company will pay more than $ 4 billion of debt, the company's total debt resulting from the end of March to 343 million US $ 270. Analysts believe that although the United States automobile market is weak, but still indicates that the lift on the development prospects of the Ford Motor Company have confidence.
Ford Motor Company will be in the form of cash to the United States Federation of automobile workers (UAW) Trust Fund for the repayment of debt, for 38 billion paid their retired workers medical insurance costs, at the same time, the company will pay because of financial crisis before delay issuance of preferred stock dividends, for a total of 2.55 billion.
Ford CEO Alan ・ Murali said on 30 June, the reduction in the debt that the company has acquired practical projects, the company will be further enhanced as planned. The same day, the authority of the credit rating agencies Moody 's, Ford will maintain its group B1 grade credit ratings.
Ford Motor Company is in the United States automobile big three are not unique to the Government for relief funds of the company, and in April of last year, announced the completion of its history, the most massive debt restructuring, thereby reducing the total debt US $ 99. According to the company in April 27, published a quarterly bulletin, Ford in 2010 first quarter revenues, profit reached US $ 281 billion.
(Office of)