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Non-Tech : FORD (NYSE:F)

F 13.28

+0.7%

Nov 28 9:30 AM EST

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To: Ron Pociask who wrote (388)	4/25/1999 10:03:00 PM
From: E_K_S	Read Replies (1) of 1065

Ford plans new billion dollar venture Sunday April 25, 9:41 pm Eastern Time DETROIT, April 25 (Reuters) - Ford Motor Co. plans to unveil details this week of a new $1 billion business it is launching that will rank as a Fortune 1000 company, Ford officials said. They said Ford will provide a background briefing for reporters Monday and release details on Tuesday but declined to provide more specifics. Since Jac Nasser took over as chief executive officer January 1, the world's No. 2 automaker has been pushing to redefine itself from a traditional manufacturer to a consumer-driven company by branching out into new businesses. On April 12, Ford announced it purchased Edinburgh-based Kwik-Fit Plc, Europe's largest auto repair chain, for $1.6 billion. (http://biz.yahoo.com/rf/990425/eu.html) ==================================================================== I hope it is something Global and utilizes the Internet. If so, our management is years ahead of the competition. EKS

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