After General Motors restated its second-quarter losses, Ford Motor followed suit Wednesday, revising its second-quarter loss upward, from $123 million to a whopping $254 million.
In an SEC filing, the company raised its 2006 pension curtailment expense estimate from $1 billion to $1.2 billion, and revised its Q2 loss accordingly.
The company had more good news - it now expects the Premier Automotive Group to lose money in 2006, after previously saying that PAG would be profitable.
[Source: CNN/Money]
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