Sheet Metal Stamping Simulation

Ford reduced its automotive operations’ debt by $12.8 billion last year, lowering annual interest costs by almost $1 billion. Ford, which will release fourth-quarter financial results this month, has said the auto operations would end 2010 with more cash than debt after a profitable year and a $1 billion dividend from the credit unit.

Ford reduced its automotive operations’ debt by $12.8 billion last year, lowering annual interest costs by almost $1 billion. Ford, which will release fourth-quarter financial results this month, has said the auto operations would end 2010 with more cash than debt after a profitable year and a $1 billion dividend from the credit unit.