Search
 

Ford's Booth Says Balance-Sheet Vigilance Remains Key

Liquidity arranged in 2006 helped car company navigate crisis, CFO says

By John Hintze | Updated on October 28, 2010

Despite posting record profits in the third quarter, Ford Motor isn’t forgetting the lessons learned during the financial crisis and economic downturn. And the most important of those lessons is the key role of liquidity, and the need to have liquidity in place before the company needs it, Ford CFO Lewis Booth told Treasury & Risk magazine’s Alexander Hamilton Best Practices Summit in New York City.

In December 2006, Ford put in place a financing totaling $23.5 billion. Booth credits that cash with helping the auto company negotiate the financial crisis without any government assistance, unlike the other big U.S. auto companies, General Motors and Chrysler.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.