Commercial News
11/3/2009 9:48:55 AM EST
Ford to raise $3.3 billion in stock, debt sales
DEARBORN Michigan – (AP) Ford Motor Co. said Monday it will ask its lenders for extra time to repay at least some of the $10.1 billion borrowed under a line of credit, and will sell about $3.3 billion in stock and convertible debt to raise more cash.
Ford President and CEO Alan Mulally said that over time the moves will … Full version (available to lexis.com subscribers) Create an account or login to post comments.