Ford set to borrow $18b to pay for cuts, closings
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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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Ford Motor Co. will offer three buyout programs to US salaried employees and said it plans to fire workers if fewer than 10,000 agree to leave.
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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 Credit, the financial arm of   Ford Motor Co. F.N on Thursday said it would cut 2,000 jobs   -- almost a quarter of its staff in North America -- and close   branch offices in order to cut costs.
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DETROIT  -Ford Motor Co.  said on Friday it  would pay veteran aerospace executive Alan Mulally $18.5  million to join the troubled automaker as its new chief  executive in addition to an annual salary of $2 million.
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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 Motor Co.  is expected to  post its eighth straight quarterly loss on Thursday as  investors focus on signs of progress in the automaker&#39;s  turnaround and its sale of luxury brands, analysts said.
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Ford Motor Co., the world&#39;s second- biggest carmaker, plans to cut production of Jaguar cars by 15,000 units this year to trim losses at its European luxury-vehicle unit.
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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 is widely expected to announce another round of job cuts as it finalises a restructuring drive.
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DETROIT -- Ford Motor Co. plans to offer buyout and early retirement packages to more than 75,000 of its employees, a United Auto Workers union official said Thursday.
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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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Ford Motor Co. F.N will announce on   Wednesday a massive corporate restructuring that will lower   white-collar costs by 30 percent and include cutting jobs and   benefits, according to the online version of The Wall Street   Journal.
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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. will offer three  buyout programs to U.S. salaried workers in an effort to cut  10,000 white-collar jobs by end of first quarter 2007, a  spokeswoman said on Wednesday.
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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 Credit, the financial arm of  Ford Motor Co.  said on Thursday it would cut 2,000 jobs  -- almost a quarter of its staff in North America -- and close  branch offices in order to cut costs.