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Author Topic: Ford takes on $7B in debt to fund UAW VEBA account  (Read 630 times)

ThunderBird Master

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Ford takes on $7B in debt to fund UAW VEBA account
« on: January 07, 2010, 06:00:32 AM »
Ford takes on $7B in debt to fund UAW VEBA account
4 January 2010, 5:17 pm

Ford announced on Monday it has transferred $13.2 billion in debt notes and cash to the United Auto Workers’ Retiree Medical Benefits Trust, better known as VEBA.  About $7 billion of that amount will be reflected as debt of Ford’s balance sheet.The final sum was comprised of several different notes and transfers, but included [...]

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