Report : Ford announces it has successfully reduced debt by $9.9 billion

Although GM and Chrysler are facing terrifying financial situation, and putting down enormous job cut-offs, the story is different at Ford. The Ford Motor Company has announced that it has completed more of its financial restructuring initiatives, paying $9.9 billion of debt, from the original $25.8 billion at the end of last year. So there's still $15.9 billion left. Ford plans to finish all its debt by 2011.

Source : [Ford Motor Company]