DETROIT: Ford Motor Co will raise US$2.8bil (RM12.45bil) in long-term debt, according to a filing with US securities regulators, funds which a senior executive said will help fund investments in new technology including self-driving cars.
Joe Hinrichs, Ford president of the Americas region, said the funds would largely go for investment in new technology including electric vehicles, self-driving vehicles, and mobility efforts such as ride-sharing and ride-hailing.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!