care-bills
Summary Box: Ford reducing debt
June 30, 2010 by publisher · Leave a Comment
SHEDDING DEBT: Ford Motor Co. cut into its staggering debt, saying it will pay more than $4 billion, mainly to a United Auto Workers trust that pays health care bills for blue-collar retirees. The trust will get $3.8 billion in cash, and is still owed $3.6 billion. Ford also will pay $255 million in dividends on preferred securities that were deferred when it was in financial trouble.
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Summary Box: Ford reducing debt