RSS
Home
Dark days at Ford - $129 million loss, another 2,200 job cuts
Print
Email
RSS
Subscribe
The numbers tell a sobering story for Ford Motor Co., and it's just the latest - but likely not the last - dismal chapter for America's auto industry.
The company said it lost $129 million in the third quarter, burned through $7.7 billion in cash, and will cut about another 2,260 workers from the payroll.
On the upside - if it can be called that - things weren't as bad the past three months as they were earlier this year, at least for part of the ledger. Ford lost nearly $8.7 billion in the second quarter, though the third-quarter cash burn was much greater than the $2.1 billion in the second quarter.
Some earlier articles about Ford:
More About:
Ford
Related Articles:
Add a Comment
United Technologies, a Hartford, Conn.-based operator of such businesses as Otis elevator, Sikorsky Aircraft and Pratt & Whitney, today said it is …
.jpg)
Economic analysts expect it will be several months before the economy improves.Count President-elect Barack Obama among them. He has plans to get the …
- Careers Examiner
- Careers and Family Examiner
- Career Transition Examiner
- Entry Level Careers Examiner
- Executive Training Examiner
- Freelance Writing Examiner
- Jobs Examiner
- Law Practice Examiner
- Leadership Examiner
- Leading Change Examiner
- Publicity Examiner
- Work Life Balance Examiner
- Workplace Examiner
- Workplace Health Examiner
- Workplace Issues Examiner
- Workplace Law Examiner
