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.

Topics:  ceo alan mulally   chrysler   ford motor co   loss   worse   expected   billion   lines   credit   year   draw   

 

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