Ford Motor to raise about $2 billion in debt

Markets Reuters

A Ford logo is seen on the grill of a 2015 F-150 truck outside the New York Stock Exchange in the Manhattan borough of New York, January 13, 2014. REUTERS/Lucas Jackson (Copyright Reuters 2016)

Ford Motor Co on Monday said it will seek to raise about $2 billion in long-term debt, the first time Ford has sought to add to its automotive debt in nearly four years.

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Joe Hinrichs, Ford president of the Americas region, said the funds will largely go for investment in new technology.

(Reporting by Bernie Woodall Editing by W Simon)