UPDATE 1-Ford completes Hertz sale, sees pretax gain

Newswire

(Adds details and background) DETROIT, Dec 21 (Reuters) - Ford Motor Co. said on Wednesday it has completed the sale of car rental company Hertz Corp. to a private equity group, and it plans to report a fourth-quarter pretax gain from the transaction of $1.1 billion to $1.3 billion. The cash infusion comes as Ford faces a deepening financial crisis and its core automotive unit is losing money. Shares of the Detroit-based automaker rose more than 2 percent on the New York Stock ...

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