So this is how they plan on surviving?
https://www.autonews.com/automakers-suppliers/ford-gets-4b-credit-line-weather-market-uncertainties
9 replies (most recent on top)
My bet is that the line of credit is to float the company through the impending strike without having to touch the cash reserves on hand.
Typical ford, overpay employees and management then get loans. Ford needs to cut salaries 10% across the board for everyone. Do not spend what you do not have…
The DOE is bailing Ford out. Just announced 15 billion in loans to automakers to push EVs. Sc--w you Jenny.
Sell the damn train station. How much $ is into that piece of cr-p?
@pnt you must be referring to the transformation to bankruptcy.
Glad to hear this and it will help ensure the Ford+ company total transformation plan keeps moving forward.
F knows what a BS market and economy this is. They see what is coming.
They are already over leveraged. Are we above $150 billion in debt yet? We have an much debt as Apple has cash
At current interest rates this is going to be expensive.