Ford Motor to raise about $2 billion in debt

MarketsReuters

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)