Ford Motor, the only one of the three US carmakers to shun a government bail-out, has further distanced itself from its troubled rivals with plans for an equity issue of up to 345m common shares that could raise close to $2bn. The proceeds could enable Ford to pay cash for a big part of its contributions to a union-managed healthcare trust that would otherwise have been made in shares.

This entry was posted by Gwen Robinson on Tuesday, May 12th, 2009 at 5:00 and is filed under Capital markets. Tagged with ford. Edit this entry.