Saturday, November 1st, 2008...3:30 pm
Ford CEO not worried about running out of cash
The Dearborn-based automaker mortgaged its blue oval logo and other assets in 2006 to borrow $23.4 billion as it prepared to downsize to match lower demand for its vehicles. The company is reworking its product line to shift more toward cars and crossovers instead of trucks and sport utility vehicles, and it’s globalizing product development and engineering to save money. It’s also banking on a full line of small cars coming to the U.S. from Europe starting in 2010.
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