Fords key to future gains >>>
Ford cut its automotive debt by another $7.3bn in the fourth quarter, including $2.5bn of newly announced reductions. For the full year, Ford reduced its debt by $14.5bn, or 43 per cent, in a move that said would reduce its interest costs by more than $1bn.
Mr Mulally has said his priority is to regain Ford’s investment grade credit rating before resuming dividend payments