- Ford (F +1.8%) is set to tap the debt market for the first time in four years with a plan to raise about $2B. 10-year and 30-year bonds are due to be priced today.
- The funds will go toward investments in new technology, according to Ford president of the Americas Joe Hinrichs.
- "It’s a supportive marketplace for long-term debt given where rates are, and we want to make sure that throughout the cycle of the industry we have the flexibility to do what we need to do and want to do, especially in the emerging part of the business," the exec tells Reuters.