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Following a similar action by GM late last week, Ford’s CEO told analysts, “We should just all expect to be a little bit patient during this time to see how these policies kind of work out.”
Analysts expect healthcare to be a key sticking point in negotiations between automakers and the UAW later this year.
Dividends cost the company $2.4 billion annually. Analysts say that's not sustainable during restructuring; Ford CFO says it will boost stock price.
Company will use proceeds to invest in self-driving cars, electrified vehicles and other technology.
Company says notes will finance self-driving cars, electrified vehicles and other initiatives.
Other Rust Belt states could follow Michigan's lead.
September car sales return to levels seen prior to the 2008 financial crisis.
Automaker decided to invest in global expansion, new models instead, CFO says.