Sunday, January 28, 2007

FORD Reports Its Worst Loss Ever


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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