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Auto-Trend Repairs and Service Information Forums -> Money, Business, Technology and Politics -> Ford shares fell 12 percent to $16.63
Post Info TOPIC: Ford shares fell 12 percent to $16.63
SELLC


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Ford shares fell 12 percent to $16.63
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Four years ago, Ford had posted a string of huge losses and its future was in doubt. It got a $23.5 billion loan by mortgaging its factories and other assets, including its blue oval logo. Then it shed most of its brands, closed or sold a quarter of its plants and cut its global work force by more than a third.

Wonder if Ford's is going to go belly up like GM after awhile?

http://www.msnbc.msn.com/id/41309317/ns/business-autos/

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SELLC


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Well I guess $16.63 is better than the $2.00 Ford stock was selling for in early 2009.

Guess that's why in June, 2009 Ford accepted a $5.9 billion loan subsidy, financial assistance granted by the government under the Energy Independence and Security Act of 2007.

-- Edited by SELLC on Friday 28th of January 2011 10:34:58 PM

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