(From msnMoney.com)
What a way for FORD MOTOR COMPANY to kick off the year.
The struggling U.S. automaker today reported that its fourth-quarter 2006 loss totaled $5.8 billion -- yes, that's billion.
The full-year loss totaled $12.75 billion ($34.8 million a day), the worst in the company's 103-year history.
Broken down, the annual losses amount to a loss of a brand-new FORD MUSTANG convertible ($24,100) every single minute.
And the U.S. automaker's struggles are nowhere near over.
Ford Reports Its Worst Loss Ever
Tim Harmon, thanks for the post.
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