Ford raises borrowing plan to $22 billion-$23 billion
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Ford Motor Co.  plans to raise the amount of a borrowing plan to roughly $22 billion to $23 billion from an original $18 billion, as it increases the size of a revolving credit line and a convertible note sale.
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U.S. banks on average borrowed $4.83 billion a day directly from the Federal Reserve in the week ended Dec. 26, up from $4.62 billion a day the previous week.
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Ford Motor Co.  on Friday said it has entered a credit agreement including a $7 billion term loan facility and a five-year $11.485 billion revolving credit facility.
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Ford Motor Co.  on Friday raised its third-quarter and 2004 profit forecasts because of strength in its financial services business and cost improvements in its car operations.
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DETROIT -- Ford Motor Co. plans to expand buyout and early retirement offers to the company's entire U.S. hourly work force of 75,000 as part of a broader restructuring plan aimed at restoring the troubled No. 2 automaker to profitability.
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Ford Motor Co.  on Wednesday said  it would offer zero-percent financing offer on almost all of  its vehicles and give buyers &#36;1,000 toward gas purchases as  part of its most aggressive sales incentive program of the  year.
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Ford raised its earnings guidance for 2004 today in part on the back of continued strong performance by its financial services business.
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The Federal Reserve raised short-term interest rates today for the fourth time this year and suggested that it would continue to raise them gradually over the next year.
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Ford Motor Co said on Wednesday it will match rival General Motors Corp.&#39;s offer of interest-free car loans for up to six years on 2004 model-year vehicles.
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Shares of Ford Motor Co. F.N rose  nearly 3 percent before the bell on Friday after the automaker  raised its profit forecast and set plans to cut 1,150 jobs at  its main Jaguar plant in Britain.
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Canadians are paying more to borrow money for homes, cars and other purchases today after a quarter-point interest-rate increase by the Bank of Canada yesterday was quickly matched by the chartered banks.
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Ford Motor Co. F.N reported a  stronger-than-expected quarterly profit on Tuesday, but losses  widened in its core automotive business and the company's  shares sagged after it said U.S. regulators were looking into  its pension accounting practices.
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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 in response to slumping sales.
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NEW YORK : A better-than-expected profit outlook from Ford juiced up trading on Wall Street, with gains capped by a lackluster reading on consumer sentiment and a fresh rise in oil prices.
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Buoyed again by strong results at its financial services arm, Ford Motor Co. swung to a profit of $266 million in the third quarter even though its worldwide automotive operations lost $609 million.
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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. (FN: Quote, Profile, Research) reported a stronger-than-expected quarterly profit on Tuesday, but losses widened in its core automotive business