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Ford Uses Cash To Slash Debt by $4 Billion

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Old 06-30-2010, 04:20 PM
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Default Ford Uses Cash To Slash Debt by $4 Billion
Ford on Wednesday announced it is cutting its debt by paying $4 billion in cash to a union health-care fund. The cash payment is a significant sign of the automaker's confidence in its future, since Ford had the choice of paying some of the debt in stock.

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