Sign in to follow this  
Followers 0

Ford posts $8.67 billion loss, looks to small cars

1 post in this topic

Automaker plans to bring six European small car models to North America


DEARBORN, Mich. - Bleeding cash and with its very survival uncertain, Ford Motor Co., an icon of American automaking, will try to import some of its success from across the Atlantic.Ford reported its worst-ever quarterly loss Thursday and announced plans to bring over six small, fuel-efficient cars it makes in Europe and start selling them in North America, where Ford is losing billions on its truck-heavy lineup.

The company burned through nearly $11 billion of its cash stockpile in the past year and reported a second-quarter loss of $8.7 billion.


                                               Look at the flowers

Share this post

Link to post
Share on other sites

Sign in to follow this  
Followers 0