Ford secures $3B line of credit amid fluctuating environment
Published in Business News
Ford Motor Co. has secured a $3 billion line of credit ahead of another tariff deadline on Friday and amid shifting policy around fuel economy regulations.
The Dearborn automaker can draw upon the funds as it wishes for a year, and it must maintain at least $4 billion in cash during that period, according to the Tuesday filing with the Securities and Exchange Commission. The disclosure comes ahead of the Blue Oval reporting second-quarter financial results on Wednesday.
"We are further strengthening our liquidity and providing additional financial flexibility," spokesperson Ian Thibodeau said in a statement.
At the end of March, Ford had $27 billion in cash and $45 billion in liquidity. But on Friday, higher tariffs of at least 15% are slated to take effect on most countries, 50% duties will take effect on copper and President Donald Trump has threatened to increase import taxes on Canada and Mexico to 30% or even 35%. The One Big Beautiful Bill Act also zeroed out penalties around fuel economy standards, and the president has ordered his administration to reevaluate emissions regulations, offering automakers more flexibility.
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