BusinessCompany NewsFord steers special purpose vehicles

Ford steers special purpose vehicles

Ford, the motor company, has said it may have to bring $1.7bn (£1bn)onto its consolidated accounts from special purpose vehicles, according to reports.

Link: Ford drives into new market

If the move is taken, Ford believes, according to the FT, that it could materially affect the company’s bottom line.

Off balance sheet special purpose vehicles, though legitimate in the US, became notorious for their association with Enron and its accounting catastrophe.

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