Ford will defer some quarterly payments on Energy Dept. loan

Ford oval hood badges — (VINCENT KESSLER/REUTERS)

By:

DAVID SHEPARDSON and BEN KLAYMAN

By:

Reuters

July 31, 2020 02:29 PM

Ford Motor Co. said Friday it had won approval to defer some quarterly payments due on its U.S. Energy Department retooling loan, but added it will repay the loan on time by June 2022.

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