Autopub
04-21-2005, 05:06 PM
It is not news by now, but Ford is going to spin off Hertz again and probably sell stock. This looks like a paper transaction. Hertz has to have a healthy P & L and balance sheet within the Ford Structure. After all Ford is really a finance company that sells it own collateral to Fomoco. Ford Credit made over $700M while Ford Mother lost $85M. Ugh...