USA: Ford says finances strong, revitalisation on track - report
According to Associated Press (AP), Ford said late on Friday that its finances are sound and its revitalisation plan on track despite an analyst report that the car maker could be forced into bankruptcy. AP noted that, in a recent edition of Grant's Interest Rate Observer, Sean Egan of the independent credit rating agency Egan-Jones offered eight reasons why a bankruptcy filing was a possibility for Ford, including multibillion-dollar pension fund liabilities and other obligations.
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