Losing Money


Ford burns $12.7 BILLION in 2006!

Ford just announced its full year financial results for 2006, and the picture is really ugly. From October through the end of the year alone, it consumed $5.8 billion. For the full year it expended $12.7 billion more than it took in. Last year was one of the worst years in Ford's history, with two major stabs at a restructuring plan, CEO Bill Ford stepping down, borrowing more than $25 billion to fund operations and announcements about closing 16 factories and eliminating more than 44,000 jobs. Although the numbers look terrible for Ford, $9.9 ... Read more →

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Autoblog Podcast #155: 'Twas the night before LA...

Chris, Dan, and Editor Paukert go over some LA Preview action and quietly whoop it up on the podcast.

 
 

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