Ford Motor Co. this month obtained a $4 billion line of credit to help it manage through "uncertainties" in the market, according to a filing with the Securities and Exchange Commission.
The revolving credit agreement, filed Aug. 17 and posted Aug. 22, adds to the $47 billion in total liquidity the automaker had at the end of the second quarter, including $30 billion in cash.
"This facility gives us additional working capital flexibility on top of our already strong liquidity position to manage through a variety of uncertainties in the present environment," Ford spokesman T.R. Reid told Automotive News. "Especially over the last several years, we've been deliberate in maintaining a strong cash and total liquidity position so we can run the business as it is today and invest in the business that we envision."