Ford Drops After Toyota Knocks It Off Perch

03 Jan 2008

Ford Motor Co.’s debt dropped today after Toyota overtook it as the number two U.S. automaker in terms of sales, the first time in 75 years Ford has been out of the top two.

Ford Motor Co.’s debt dropped today after Toyota overtook it as the number two U.S. automaker in terms of sales, the first time in 75 years Ford has been out of the top two. Its term loan “B” was trading at 91 3/4-91 7/8 at close on Thursday, ...

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