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Reuters: Ford launches major debt restructuring

Started by chris, March 05, 2009, 01:59:12 AM

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chris

Ford launches major debt restructuring
      
   
      


DETROIT (Reuters) - Ford Motor Co on Wednesday announced a plan to cut its $25.8 billion in automotive debt by about 40 percent by offering creditors cash and new shares as it looks to slash financing costs at a time of plunging sales and tight credit.<div class="feedflare">
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