Ford Motor Company (NYSE:F) faced potential insolvency during the last financial crisis
Ten years ago, amidst the worst financial crises since the Great Depression, the American auto industry almost died. By Fall 2008, the Big Three US car companies of General Motors, Chrysler, and Ford faced potential insolvency, and without swift government intervention, their futures were in doubt.
Just prior to the financial crises, under the direction of then-CEO Alan R. Mulallys One Ford plan, Ford had restructured its entire portfolio and raised $US36 billion in financing from the capital markets. Ford sold Swedish-based Volvo, which it had owned since 1999, to Chinese carmaker Geely for $US1.5 billion and also sold Jaguar and Land Rover to Indi…
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