Community | January 29, 2009 | 11 comments

Ford loses $5.9B in 4Q, says still won’t seek aid

source: http://www.news42day.com/2009/01/ford-loses-59b-in-4q-says-still-wont-seek-aid/

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KevinFederline
Ford Motor Co. said Thursday it lost $5.9 billion in the fourth quarter and burned through $5.5 billion in cash as sales slumped, but the company still says it does not plan to seek federal loans.
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11 comments // Ford loses $5.9B in 4Q, says still won’t seek aid

  • KagemushaGrey
  • shallowside887
    • 0
      shallowside887  

    • It is fantastic that Ford seems to be able to sustain themselves through the economic strafe that this country is going through. Although this refusal for aid does mean that more jobs are going to be cut, it is refreshing to know that one of the major American car companies feels that it needs to change its spending habits as opposed to continuing the costly business procedure that has put other car companies in the red. I feel that other American car companies should follow suit in changing their spending habits and adjusting their accounts for this world financial crisis. This may be the strategy that saves Ford as a business while the other major American car companies topple.

    • 3 years ago
  • fiat_lux088
  • cerealforeal
  • krush_productions
  • CalgarC
  • dmass5
    • 0
      dmass5  

    • thats great that ford is not mooching off of the government.

      tho if they need help, it couldnt hurt to ask for help, its better that then have to cut an asston of ppl off of work

    • 3 years ago
  • pjacobs51
  • IMMININT
    • 0
      IMMININT  

    • Ford is changing their business image, I expect they'll come out of this in the 21st century as opposed to lagging sadly behind like most american car companies.

    • 3 years ago
  • widget48
  • Jiji_Kero
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