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Ford Fairing Better Than Others

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01-30-2009, 09:36 AM

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Ford Fairing Better Than Others

Ford Motor Company posted a fourth quarter loss of $5.5 billion today. Ford finished 2008 with cash reserves of $13.4 billion and is the only one of the Big Three automakers that has not taken any federal loans.* Ford said it will immediately take $10.1 billion out of its capital reserves because of the state of the economy and the uncertainty in the credit markets. “ Ford and the entire auto industry faced an extraordinary slowdown in all major global markets in the fourth quarter tha

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