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Showing posts with label ford. Show all posts
Showing posts with label ford. Show all posts

Tuesday, August 3, 2010

Ford shares surge on Volvo sale. Rating increased.

By Alan Fein
(AXcess News) New York - Shares of Ford Motor Co. (NYSE: F) surged following news of its sale of Volvo to Geely for $1.8 billion.  Rating agency Standard & Poor's raised Ford's rating two notches to "B+" as a result.

Geely paid Ford $1.3 billion in cash on Monday and