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Ford reports 4th quarter net loss of $5.9 billion
Ford has so far been able to avoid suckling on the teat of the federal government like its cross-town rivals, but after today's announcement of a 2008 fourth-quarter loss of $5.9 billion, serious questions are beginning to arise about how FoMoCo will fair in 2009. This will be the third consecutive year Ford hasn't posted a profit, with a $2.8 billion loss in the previous year and $620 million drop during the same quarter of 2007. Ford wrapped up 2008 with $13.4 billion in cash reserves, but has announced plans to draw $10.1 billion in ... Read more →
GM makes a buck in Q4 2006 John Neff
General Motors reported its delayed fourth quarter earnings today and, lo and behold, managed to earn a net income of $950 million in the waning months of 2006. Compare that with last year's Q4 loss ...
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Ford reports 4th quarter net loss of $5.9 billion 11 months ago on Autoblog
Ford has so far been able to avoid suckling on the teat of the federal government like its cross-town rivals, but after today's announcement of a 2008 fourth-quarter loss of $5.9 billion, serious questions are beginning to arise about how FoMoCo will fair in 2009. This will be the third consecutive ...
GM makes a buck in Q4 2006 2 years ago on Autoblog
General Motors reported its delayed fourth quarter earnings today and, lo and behold, managed to earn a net income of $950 million in the waning months of 2006. Compare that with last year's Q4 loss of $6.6 billion, and today's news is all the more incredible. Again, those tricky one-time items ...
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