Tuesday, December 02, 2008

Ford Restructuring Plan

From the Washington Post: "Ford Motor Co., unveiling a business plan demanded by Congress before it approves aid for the Big Three U.S. automakers, disclosed today that it is seeking a bridge loan of up to $9 billion and that it expects to break even or become profitable in 2011."

Ford's report and restructuring plan is posted on the Senate Banking, Housing, and Urban Affairs Committee website and on the House Financial Services Committee website.

Source: Branigin, W. (2 Dec. 2008). "Ford Makes Concessions in Effort to Get Government Help." Washington Post.

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