Ford Sells $2.8 Billion in Auto Debt to Boost Tech Spending

Updated on
  • Company borrows for car business for first time since 2013
  • Heavy investments coming in self-driving and electrified autos

Investors piled into Ford Motor Co.’s first automotive borrowing in almost four years, allowing the company to slash interest rates on a $2.8 billion debt sale as it boosts spending on self-driving cars, mobility services and electrified vehicles.

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