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Allison Prang, Mike Colias
LyrArc Article Gist
Since the beginning of the coronavirus crisis Ford Motor Company has added $8 billion in unsecured debt and $15 billion in credit lines. It now has $35 billion in cash as it faces the loss of $5 billion in the second quarter. Ford idled its plants in U.S. and Europe since mid-March. Ford plans to reopen production on May 18.
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