DEARBORN, Mich. (AP) -- Ford Motor Co. took another step to stay cost-competitive with government-financed automakers General Motors and Chrysler when it offered to exchange up to 40 percent of its debt for cash and stock. The company and its Maitland NEWS
DEARBORN, Mich. (AP) -- Ford plans to reduce its debt load by as much as $10.4 billion by offering debtholders cash and stock. The Dearborn, Mich., automaker and its financial arm are putting up $2.2 billion in cash and about 500 million shares of Maitland NEWS
DEARBORN -- Ford Motor Co. outlined plans Wednesday to restructure up to $10.4 billion in corporate debt to reduce interest expenses, strengthen its balance sheet and, most importantly, comply with the provisions of a tentative agreement it reached Maitland NEWS
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