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Ford to borrow $10.1 billion under existing credit lines
By Sara Rosenberg
New York, Jan. 29 - Ford Motor Co. is drawing on its available credit lines and expects to receive the $10.1 billion in funds on Feb. 3, according to a news release.
The draw is being made as a result of the instability of the capital markets with the uncertain state of the global economy.
Ford is a Dearborn, Mich.-based automotive company.
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