Ford plans to secure $18 billion in financing
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Ford Motor Co.  said on Monday it plans to obtain financing totaling about $18 billion to address near-and medium-term negative operating-related cash flow, to fund its restructuring, and to provide added liquidity.
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Ford Motor Co.  will offer buyout  packages of up to $140,000 to all of the more than 75,000  workers at its U.S. plants, the United Auto Workers union said  on Thursday, a day before the automaker details a revised  turnaround plan.
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Ford mortgaged nearly all its domestic assets to raise $18 billion to pay for several more years of restructuring.
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Ford Motor Co.  said on Wednesday it estimates that its restructuring plan, dubbed "Way Forward," will cost the automaker a total of $11.18 billion, with most of that going to programs to lay off employees.
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Ford yesterday announced a new four-year deal with the Dovenby outfit to keep the car maker a leading contender in the World Rally Championship.
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The United Auto Workers union announced that all 75,000 of its members employed by Ford Motor Company will be offered payouts by the automaker, according to Reuters.
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Ford will raise $848 million toward its overhaul plan by selling Aston Martin, its British luxury sports car brand.
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Ford Motor Co., struggling to overcome record losses this year, plans to borrow as much as $18 billion to pay for US job cuts and factory shutdowns and will back its loans with collateral for the first time.
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Despite rising fuel prices that threaten sales of Ford Motor Co.'s bread-and-butter trucks and sport utility vehicles, chairman Bill Ford says the nation's No. 2 automaker is poised to sustain a financial turnaround by increasing its retail sales in the crucial American market.
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ChannelNet announced today that Ford's current "0% percent financing for 72 months" promotion has produced record-breaking traffic on Ford's extensive network of Web sites. Web site traffic was up 70% and new inventory searches grew 100% during the week following the launch of the promotion.
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Ford Motor Co.  on Tuesday reported a higher-than-expected quarterly profit on strength in its finance arm.
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Ford Motor Co.  expects to secure  a contract with the United Auto Workers union that puts the  struggling No. 2 automaker in a stronger competitive position,  one of Ford&#39;s chief negotiators said on Monday.
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The recovery of Ford Motor Co. -- even   with plans to cut 45,000 jobs, close 16 factories and save $5   billion -- hinges on a deceptively simple solution: it has to   build cars people want to drive, analysts said.
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NEW YORK/DETROIT  - Ford Motor Co.  said on Monday it plans to borrow $18 billion by pledging assets as collateral, an unprecedented requirement that highlights its worsening financial condition.
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Ford Motor Co. F.N, the No. 2 U.S.   automaker, said on Friday it would cut annual costs by about $5   billion by the end of 2008 and reduce salaried staff by   one-third, or 14,000 jobs, as part of an accelerated   restructuring.
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Automaker Ford Motor Co. has signed a new contract with San Antonio-based SBC Communications Inc. for the deployment of an advanced Internet protocol (IP) telephony network at Ford facilities in Michigan, the telecommunications firm said Tuesday.
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Ford Motor Co. said on Tuesday it was offering low-rate financing deals on many of its 2007 model-year vehicles and interest-free loans on its 2006 vehicles to boost sales.