Tag Archives: extreme weather

2020 Vehicles Post Fuel Economy, Low Emissions Records

Posted on 19 November 2021 by Ken Zino

In August, President Biden signed an Executive Order that sets good policy for US citizens with an ambitious new target to make half of all new vehicles sold in 2030 zero-emissions vehicles, including battery electric, plug-in hybrid electric, or fuel cell electric vehicles. EPA also proposed a new rulemaking under the Clean Air Act that by 2026 would establish the strongest greenhouse gas emission standards for cars and light duty trucks in history. Continue reading →

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Ford to Take $1B Charge to Buy Back Expensive Debt

Posted on 8 November 2021 by Ken Zino

Last April, Ford sold $8 billion of bonds as the coronavirus pandemic closed Ford’s factories with a corresponding drop in sales. Actions such as the debt tender offer and the issuance of 0% convertible notes earlier this year, together with a “bet on the come line” of awaited broader access to capital from the new sustainable financing framework, combine with Ford’s objectives to further strengthen its balance sheet and financial flexibility and return its credit ratings to investment grade. Continue reading →

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