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Ford Turns its Focus to Finances in Frankfurt

Is that enough Fs for one headline? We ask because "F" isn't a grade that Ford sees these days. Rather, the American automaker earns straight "A"s, especially on their recent trip to Frankfurt. It was there that Ford unveiled an electric-powered bicycle and took some time to go over the company's finances.

This is something that we here at John Bleakley Ford have been waiting to hear about for quite a while. We all know that American automakers have had it rough over the last few years, but Ford has managed to persevere like no other. In fact, Ford even went ahead an announced that their right on track to pay off a $1.8-billion balance on a loan significantly ahead of time.

To be more specific, Lewis Booth, CFO, Ford said, "Earlier this week, we gave notice to our leaders and by the end of this week, we will have pre-paid the remaining amount of our term loan."1

The good news in all of this is that the sooner that Ford gets out of debt, the more money they can spend on improving the new Ford vehicles that we know and love, such as the Ford Fusion, Ford Flex, and Ford Taurus. That, of course, isn't to say that those models aren't already close to perfection, but everyone knows the road to innovation is never-ending. If you'd like to see the great offerings in Ford's lineup for yourself, then feel free to either dial (888) 589-3953 or submit a contact form online to arrange at test drive.

There are also other debts that Ford needs to clear in order to be able to pay more attention to their stellar lineup. As of the close of last June, that number was somewhere in the range of $14-billion. But, in looking back just two years, we can see just how far the American automaker has come. Their loan burden back then: $33.6-billion.

Ford isn't quite out of the red, but they're certainly on the right track. Another move that Ford is making to help return to investment grade status is to negotiate a new contract with the UAW that sustains wages a four-year-long period. This would help lower the borrowing costs for Ford to invest in their lineup, ultimately attracting new buyers and new innovations as well.

Of course, you can learn more about the current innovations in Ford's lineup by browsing our online new/used Ford inventory and new Ford showroom pages online. Each of these sections has been specifically designed to give you the inside scoop on the new and used cars that we proudly keep in stock here at 870 Thornton Road Lithia Springs, GA 30122.

Source: 1http://www.freep.com/article/20110914/BUSINESS0102/110914019/1014/BUSINESS01

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