Debt cut gives Ford shot in arm
China Daily | Updated: 2009-04-08 08:01
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William Clay Ford Jr, executive chairman of Ford Motor Co, poses between two Model T vehicles outside the company's headquarters in Dearborn, Michigan. Bloomberg News |
Shares of Ford Motor Co soared 16 percent on Monday after the company said it completed tender offers that will reduce its debt by 38 percent and shave millions of dollars off its interest costs.
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