Ford Sheds Hertz Corp.

Summary


Ford Motor Co. will receive $5.6 billion for its Hertz Corp. rental car business, the automaker said Monday.

Ford, the nation's second biggest automaker, said it will sell all the shares of common stock in Hertz, its wholly owned subsidiary, to a private equity firm in a deal valued at about $15 billion including debt.

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Extract


Ford Sheds Hertz Corp.

Ford announced in Apri...

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