Ford Motor Co said on Monday it has slashed automotive debt by 38 percent, or $9.9 billion, bolstering its finances amid a deep auto industry downturn, and its shares were up about 19 percent.
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Ford slashes automotive debt 38 percent
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Ford plans public offering of 300 million shares
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Strong show by automakers likely to continue in future:
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Ford reaches tentative deal with union
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Ford Motor Co. fined after workers killed
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Ford to cut several hundred jobs in Europe
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Financials point up after debt auctions;
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Ford's October sales dropped 30 percent
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Ford posts profit of nearly $1 billion
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Bank of America slashing interest rates for all its mortgage loans
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Ford invests $135 million in electric vehicles development
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Ford will reinstate its dividend by January
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Interest rates tipped to be slashed
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Fitch upgrades Ford to investment grade
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Ford Motor co loses 8.7 billion dollars in second quarter
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Penske Automotive earned $47.7 million in fourth quarter
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Kerkorian builds stake in Ford,