January 29, 2009


That is how much Ford lost last year.

Ford Motor Co. today posted a record loss of nearly $14.6 billion for 2008 and reported a fourth-quarter net loss of $5.9 billion.

With the way they are sheading people, pretty soon there will be nobody left to build anything.

Still, Ford's automotive operations finished the year with $24 billion in available liquidity, including $13.4 billion in gross cash. But the Dearborn automaker said it would begin drawing down on its $10.1 billion in available credit to ensure it can meet its goal of restoring profitability in 2011.

And that $10.1 Billion credit they are speaking of is what they secured on their own, they are not taking anything from the government.

Posted by Quality Weenie at January 29, 2009 09:18 AM | TrackBack

We'll see how it goes, but I think I like how Ford is handling this best of all.

My husband owns an Audi. I'm not impressed.

I could go back to Ford...

Posted by: Bou at January 29, 2009 10:31 AM