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Shares of Ford Motor Co.
F are posting solid gains today after the company announced it is repaying over $4 billion in debt.
Ford shares are higher by 54 cents, or 5.39%, to $10.41. The automaker still holds about $27 billion in debt after cutting a total of $7 billion in the second quarter. Repayments made in the period led to more than $470 million in interest expense savings.
Ford is merely recouping yesterday's losses after the stock shed 5.3% during a broad market selloff.
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