How Ford is using debt to pay off $200 million loan

Ford has used $200 billion in debt to repay the cost of a $100 million loan that it made to finance its car manufacturing operations in China.

The Ford Finance Car Loan was first reported by the Wall Street Journal in July.

The loan was secured by a $1.9 billion, four-year financing deal between the two companies, which was approved by the U.S. Federal Reserve.

The loan is a significant milestone for Ford, which has been struggling to meet payments on $40 billion in loans it has made to Chinese auto manufacturers, most recently buying a $400 million vehicle assembly plant from China-based Dongfeng Motor for $9 billion in 2018.