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Ford adds USD 375 million loss to USD 4.1 billion in ending South American operations

On June 28, Ford Credit said it would cease operations in Brazil and Argentina by the end of 2021, a move that will cost the company USD 375 million, according to a filing with the U.S. Securities and Exchange Commission (SEC).
The special charge, a majority of which will be booked in 2021 and come from foreign curre....

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