Comment on Ford's quarterly loss worse than expected at $5.9 billion

Ford's quarterly loss worse than expected at $5.9 billion

The loss caps Ford Motor Co.'s worst year ever. CEO Alan Mulally says the carmaker will draw down its last credit lines but will not need government help like GM and Chrysler. With vehicle sales declining and revenue crashing in all its markets, Ford Motor Co. today reported a worse-than-expected $5.9-billion loss for the fourth quarter of last year, forcing it to draw down its remaining lines of credit.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News