FORD MOTOR COMPANY

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Ford aims to cut debt, expand foreign sales

Ford Motor Co said it planned to cut its net debt by 15.7 percent to around $14 billion by the end of June, continuing to pay off the loans that helped make it the one major U.S. automaker to avoid bankruptcy in recent years.
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GM, Ford report lower U.S. auto sales in May

General Motors Co and Ford Motor Co reported slightly lower U.S. vehicle sales in May as broader economic weakness and higher vehicle prices prompted consumers to delay major car purchases.
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Price hikes, fewer cars likely hurt auto sales

Higher car prices and a shortage of fuel-efficient vehicles likely threw a roadblock in the U.S. auto industry's recovery path in May, when the Japan crisis had its biggest impact on U.S. sales so far.
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Ford's Mulally makes $1.7 million on stock option

Ford Motor Co Chief Executive Alan Mulally made about $1.7 million through a stock option that kicked in after Ford shares traded above $15 a share for 30 straight days, the automaker said on Friday.
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Hertz makes new Dollar Thrifty bid of $2.1 billion

Hertz Global Holdings Inc fired the latest salvo in a 13-month-long battle for Dollar Thrifty Automotive Group Inc , offering nearly $2.1 billion as it looks to form the No. 2 U.S. car rental firm and bump a stalled bid from Avis Budget Group Inc .
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Ford F-150 truck probe expands to 2.7 million

U.S. safety regulators said they have expanded to 2.7 million vehicles an investigation into the possibility that straps holding fuel tanks can rust and break on Ford Motor Co F-150 pickup trucks from the 1997-2001 model years.
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Hertz makes new pass at Dollar Thrifty, bids $2.1 billion

Hertz Global Holdings Inc fired the latest salvo in a 13-month-long battle for Dollar Thrifty , offering nearly $2.1 billion as it looks to create the No.2 U.S. car rental firm and bump a rival bid from Avis Budget that has stalled with regulators.
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GM's Q1 profit to more than double

General Motors Co is expected to report on Thursday first-quarter operating earnings more than double a year earlier, driven by a recovery in the U.S. market and strong sales in Asia.
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April auto sales seen up but quake effects loom

U.S. auto sales are expected to show a 16 percent increase for April, as the sales crunch dealt by the Japanese earthquake and tsunami is not expected to show up in new auto purchases until May, automakers and analysts said.
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Market rises on profit reports, consumer data eyed

Solid earnings from big U.S. companies such as Ford, 3M Co and United Parcel Service lifted stocks on Tuesday, but investors braced for a report on consumer confidence amid concerns about the recent rise in oil prices.

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