Ford Secures $3 Billion Credit Line Ahead Of Q2 Earnings Report

Ford Motor Co. is securing access to cash as economic uncertainty and increased costs related to tariffs cloud the horizon in the months ahead.

 

Ford has taken out a $3 billion term loan credit agreement, basically a line of credit that acts like a credit card, meaning the money is there if Ford needs it. The loan is with several lenders and it will be administered through JPMorgan Chase Bank, according to a government filing on July 28.