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Excerpt from our Wall Street Breakfast, a one-page summary of this morning's key market-moving and stock-moving stories:

Ford Plans $18 Billion in Debt, Some Backed by Plants [Bloomberg]

Summary: ford logoFor the first time ever, Ford is borrowing money under the cover of collateral. Already $154 billion in the hole, Ford is putting up its most profitable units - production plants, Volvo and Ford Motor Credit - to secure an additional $18 billion in funding. The additional funding will be used to lay off 40,000 North American workers and close plants - all part of Ford's plan to be profitable by 2009. the company has lost nearly $7 billion to date this year and has not turned a profit in eight of its last nine quarters.
Related links: Media coverage: WSJReuters. Commentary: Ford Relying On Volvo Increasing Sales To Lift It Out of the RedHighlights From Ford's Sales Conference Call: Inventories Not As Bad As They Seem?Auto Nation: Detroit Needs To Get RealFord Expects to Slash 1H07 Production By 12%. Conference call transcripts: Ford Q3 2006.
Potentially impacted stocks and ETFs: Ford Motor Co. (NYSE:F) • Competitors: General Motors (NYSE:GM), DaimlerChrysler (DCX), Toyota (NYSE:TM), Honda (NYSE:HMC), Nissan (OTCPK:NSANY).

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Source: Ford Bets the Farm To Secure Another Large Loan