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Ford Motor Co. will make a $4 billion payment on its outstanding debt, paying into a United Auto Workers trust fund that pays retiree health care bills, the Associated Press reported Wednesday.

General Motors Co. and Ford Motor Co. posted sales increases in May as customers bought more sport utility vehicles, Bloomberg reported Wednesday

General Motors Co. said Monday it earned $865 million in the first quarter, its first quarterly profit since 2007.

Ford Motor Co. Tuesday posted a $2.1 billion first-quarter profit and said it would be profitable this year, the Associated Press reported.