Ford plans to secure $18 bln in financing
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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. 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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Ford Motor Co.  said on Monday it plans to raise $18 billion in debt financing to fund its restructuring, the latest sign the automaker is struggling to turn around its money-losing North American operations.
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A private equity arm of JPMorgan Chase  & Co.  is eyeing some of Ford Motor Co.'s  luxury  brands, a source familiar with the matter said on Friday, the  latest sign the struggling carmaker is looking to unload assets  as part of a turnaround bid.
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US car giant Ford says its restructuring programme aimed at revitalising the company is set to cost it $11bn.
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For the first time in its history, Ford is mortgaging its assets, including factories, equipment and trademarks.
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Ford Motor Co. F.N 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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The United Auto Workers union said on  Thursday Ford Motor Co. is offering 8 buyout packages to  its U.S. union-represented factory workers, including up to  $140,000 one-time payment.
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Ford Motor Co  has offered to pay 57 million euros ($78 million) for the Romanian government's majority stake in troubled carmaker Automobile Craiova SA , officials said on Friday.
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OAKVILLE, Ont. (CP) - Ford Canada&#39;s $1-billion expansion of its plant in Oakville, Ont., was promised $100 million each from the federal and provincial governments Friday, a deal that the automaker says will save jobs and boost the economy.
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Ford Motor Co  said on Tuesday it  plans to invest $500 million in India to double manufacturing  capacity by 2010 and make a small car and engines to compete  more effectively in the fast-growing market.
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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.
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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 . could announce the  sale of its Aston Martin luxury performance cars unit for more  than 450 million pounds ($865 million) as early as this week, a  source familiar with the matter said on Monday.
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Ford Motor&#39;s (F) striking market-share plunge should be over within six months, and the company is banking on new products to regain share while allowing it to cut back incentives, CEO Bill Ford said Wednesday in an interview with USA TODAY.
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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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Ford Motor Co. plans to announce an $800 million redevelopment of its plant in Oakville, Ontario, the Toronto Star reported Friday.