DEARBORN, Mich. (WKOW) -- Ford Motor Co. points to a huge gain in debt reduction for its surprising second-quarter profit of $2.3 billion.
The figures mark a major improvement from the record $8.7 billion loss Ford reported in the same quarter last year.
In March, Ford swapped stock and cash to reduce its loan and bond debt by $7.7 billion. Without special items, Ford would have lost $424 million.
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