Ford taps green bond market for EV funding

Upward trajectory: A Ford dealership in Colma, California. As the American company turns its attention to electric vehicles and redesign activities, its profitability is on a path to improvement. — Bloomberg

NEW YORK: Ford Motor Co is taking advantage of a credit-market rally to sell green bonds.

The vehicle maker sold US$1.75bil (RM7.8bil) of debt expected to mature in 10 years, according to a person familiar with the matter.