IntrinsicIntrinsic

Financing ·

Ford Motor Company has completed the disposition of its interest in the BlueOval SK joint venture, effectively…

FFord Motor Co

Ford Motor Company has completed the disposition of its interest in the BlueOval SK joint venture, effectively terminating its obligation to contribute up to $6.6 billion in capital. As part of the transaction, Ford assumed a $3.8 billion promissory note to the U.S. Department of Energy related to a Kentucky battery plant under a new loan agreement with a 4.814% annual interest rate.

More from Ford Motor Co

Explore F