Subscribe to this Blog

Blog Archive

Subscribe Via Email

Enter your email address:

Friday, January 26, 2007

Ford Posts Record Loss

Ford Mustang Ford posted a record loss this week for the 2006 year.  Their reported loss came in at $12.7 billion.  The fourth quarter of 2006 helped push that number up by $5.8 billion dollars.  This was a record loss for Ford for the year, but no where near record losses as posted by other public companies such as GM or even Time Warner.

Even worse for Ford Stockholders, the company is not expected to break out of the red for another two years, but they do feel that their restructuring plan is on track.

Technorati tags: ,