Ford Opens $3 Billion Line Of Credit Amid Uncertain Market
According to CBT News, Ford has secured a $3 billion term loan credit agreement that’s being administered by JP Morgan Chase, but is otherwise divided between multiple lenders. The automaker stated that it made this move proactively as it works to give itself some financial flexibility and increase liquidity, which is key during these times of economic uncertainties. It would also help The Blue Oval better navigate a potential downturn in regard to demand for its products, which could happen if tariffs result in price increases over the coming months.
Such a move is nothing new, of course, as we just saw Ford take out an additional $4 billion dollar line of credit back in August 2023. At the time – when Ford was dealing with uncertain demand for EVs and negotiations pertaining to a new UAW contract – it noted that this gave the company “additional working capital flexibility on top of our already strong liquidity position to manage through a variety of uncertainties in the present environment. Especially over the last several years, we’ve been deliberate in maintaining a strong cash and total liquidity position so we can run the business as it is today and invest in the business that we envision.”
That one above looks like door ends at trim piece before getting to wheel well opening. First car I ever noticed built with door extending to wheel opening was Chevy Corsica decades ago and was shocked anyone would design that; looked cheap as hell. You’re correct it has become common though there are plenty of vehicles that separate door from wheel well opening. Some seem to break the trim piece in two with forward section attached to door, making it slightly better but horrible to me nonetheless. I can only justify cutting corners to a point, and this issue crosses the line for me. I know plenty of buyers are fine with it which is OK, and others don’t even notice it, but I do. Must be to save cost because it started with cheaper vehicles and has been working its way up.
It’s common but not universal yet.
Article implies a unibody Toyota from the past but I can’t recall one, unless it was not sold in US. I recall plenty of other unibody pickups in various sizes but drawing a blank on a Toyota.
The rear is no issue you just swap the transaxle for a differential. Up front it depends on how much room they left for the engine which would now be longitudinal rather than transverse and whether they have to redo the front suspension for clearance. And moving the fuel tank. The rest is pretty simple.
Yeah, the Airstream van looks really cool, but if Ford can’t even justify importing or building the Custom mid-size van in USA, the odds we would ever see anything similar to that Airstream is zero. For van life it would need much greater headroom or standup height, and IMO a much taller roof would ruin the looks. The very popular Transit Custom has similar issue in that headroom is too limited for standing, except in theoretical H2 variant which I haven’t even seen pictures of yet; only drawings. And it’s so tall it looks hideous.
i wasn't fully paying attention to it when I heard the town-was on in the background when I was doing other stuff.
I was also under the impression that Ford had another collection like this but liquidated back in 2007/08 when things got really tight then started another with this collection?