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  • Ford reveals plan to raise £1.3bn

    May 12, 2009 12:30 PM

    Ford has announced plans to raise $2 billion (£1.3 billion) by selling shares.

    The move reaffirms Ford's position of strength as the only one of the US's 'Big Three' car makers that hasn’t received any money from the American tax payer.

    Chrysler is currently in Chapter 11 bankruptcy protection while it restructures and it is widely expected that GM will follow suit.

    Ford has reportedly benefitted from an upturn in sales in the US as a result of not taking US government money...Read the full article
  • Re: Ford reveals plan to raise £1.3bn

    May 12, 2009 12:31 PM

    I think Ford is gaining a very positive reputation in the US and the rest of the world for not having to draw on taxpayer cash which it fully deserves, lets hope there isn't a nasty surprise hidden in the accounts anywhere.

    Can't get enough of that Volkswagen and Audi stuff...
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