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Ford Credit borrows $1.5 billion as bond yields hit 13-year highs, investors weigh recession fears

Por: MarketWatch Business November 02, 2022

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That led to a bigger bond deal and slightly lower funding costs for Ford Motor Credit, which helps provide auto dealers and consumers with financing on Ford and Lincoln vehicles. The initial funding target was at least $1 billion. Last week, Ford CEO Jim Farley said demand for commercial and electric vehicles during the company’s third-quarter earnings call, even though he said the auto maker will be closing startup Argo AI, pointing to there... + full article



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