Ford evaluating new secured financing for additional liquidity

By Sara Rosenberg

New York, Nov. 14 - Ford Motor Co. is looking into obtaining new secured financing to provide extra liquidity, company officials said in a conference call on Tuesday.

The potential financing would be secured by a substantial portion of the company's automotive assets.

The company is considering the financing because of expected substantial negative cash flow and to protect itself against a recession or other unexpected events.

Ford is a Dearborn, Mich.-based manufacturer and distributor of automobiles.

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