Take a look at this people... An American automobile manufacturer working to make things right without it’s hand out to the government.
Sphere: Related ContentShares of Ford Motor Co. soared 16 percent Monday after the company said it completed tender offers that will reduce its debt by 38 percent and shave millions of dollars off its interest costs.
The automaker retired about $9.9 billion in securities in exchange for cash and shares under terms of the debt buybacks.
Combined, the moves are expected to reduce the Ford’s interest expenses by more than $500 million this year, as it tries to weather the worst auto sales downturn in 27 years.
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Slobokan.
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E-Mail sent to any kooksinsuits.com address, or the feedback address listed at the top of the page, may be considered for publication unless the recipient is expressly notified otherwise.
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