Car Automotive

Monday, April 6, 2015

Bangkok Post: Ford slashes debt by $9.9bn

US automaker Ford said Monday it had slashed 9.9 billion dollars from a debt pile of 25.8 billion dollars under what it called a "successful" debt restructuring exercise.

The exercise is expected to lower annual interest expense by the company of more than 500 million dollars, Ford Motor Company said in a statement.
Posted by colour at 5:10 PM
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