DETROIT (Reuters) - Ford Motor Co said on Wednesday it was launching offers to restructure its debt through a combination of conversion and cash tender offers.
Ford said it was making available up to $2.2 billion cash to restructure its debt.
The automaker had $25.8 billion of automotive debt as of the end 2008.
Ford has the potential to restructure up to $10.4 billion of debt, given the cash available and the prices, the company said
(Reporting by Poornima Gupta)