Ford (F) and General Motors (GM) to agree to underwrite the $6.5M debt of Australian...

|About: Ford Motor Company (F)|By:, SA News Editor

Ford (F) and General Motors (GM) to agree to underwrite the $6.5M debt of Australian vehicle-parts supplier Autodom in order to keep the company operational and avoid a costly production shutdown at the car markers' factories in the country. Along with Toyota (TM), which is also an Autodom customer, Ford and GM export $3.3B worth of vehicles from Australia.