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Thursday 5 March 2009

Ford Plans to Retire Debt


Ford is the only American automaker not currently seeking government help to stay in business -- and it intends to keep it that way.
The Washington Post reports, "Ford announced plans yesterday to eliminate up to $10.4 billion of its debt by offering cash and stock to its creditors in hopes of positioning itself to better weather the weakest auto sales market in more than two decades."
By reducing its debt, the Post notes, Ford will be on similar footing ...

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