Ford Motor Company World Headquarters (Ford)
Ford Motor Company has announced that they have reduced their debt by some $9.9 billion dollars from the 2008 year ending amount of $25.8 billion. This announcement is a key component of Ford’s turn around plan, ONE Ford, and also a sign that life is starting to come back at the struggling automaker.
Now the press release is way too complex for me to understand, but basically this news will help reduce Ford’s annual interest costs by more then $500 million, and everyone knows, having less debt is a really good thing. If you actually care to read the technical stuff, feel free to head on over to Autoblog.
Tags: Ford, Ford Motor Company, ONE Ford
