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Ford to increase Capital Spending by 25%


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From today's Automotive News via Reuters:

 

 

DETROIT (Reuters) -- "Ford Motor Co. laid out a more ambitious mid-decade plan that includes a 25 percent increase in projected capital spending, to take advantage of growing automotive demand worldwide, as well as the possibility of a higher dividend. The automaker expects capital expenditures to be around $7.5 billion by mid-decade, up from its previous aim of $6 billion, Ford said in an investor presentation. Ford also plans to return more capital to shareholders in the form of a dividend that would increase with the company's earnings and could be sustained even during an economic downturn."

 


Read more: http://www.autonews.com/article/20130814/OEM/130819964/ford-aims-for-higher-spending-dividend-boost-by-mid-decade#ixzz2byiFBn9N

 

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