The U.S. Export-Import Bank will unveil a loan guarantee on Thursday for Ford Motor Co that will finance $3.1 billion in exports of cars and trucks to customers in Canada and Mexico, a White House official said.
The announcement comes as President Barack Obama visits his home town of Chicago to tour a Ford assembly plant in an effort to highlight the U.S. auto industry’s export potential and his administration’s role in revitalizing the sector. Get the full story »
