[throwaway400]

Ford has its own auto financing division called Ford Motor Credit. This division has about 80b of long term debt in the form of consumer auto loans for the purchase of Ford vehicles. Moodys downgraded this debt last fall.

[dmurray]

Those loans are assets, not liabilities (they are loans from FMC, not to it). Maybe you mean it has issued debt to pay for them?

[throwaway400]

Yes, sorry the debt is the bonds that FMC issued.

[notfromhere]

That debt is an asset and they generate revenue from it