I wasn't sure were to put this, so mod's feel free to move it.

<div class='quotetop'>QUOTE</div><div class='quotemain'>DEARBORN, Mich. - Ford Motor Co. said Friday it lost $1.2 billion in the first quarter, its worst performance in more than four years, as revenues fell and the nation's second-biggest automaker started a massive and costly North American restructuring effort.[/b][/quote]

Link

 

Here's more from USA Today:
"While the bulk of that loss is from restructuring charges — Ford is taking a $1.7 billion charge to deal with the 14 plant closures and 30,000 job cuts it announced in January — automotive operations faired poorly as well.

Ford Motor Credit, the company's financial services arm, earned by far the most money for the company, posting net income of $479 million. Yet even those earnings were down from a year ago, when the credit arm earned $710 million."

Kind of scary, but they've been through this before. And with the new products selling well, especially the Fusion/Milan/Zephyr and the positive feedback on the Edge, I expect they'll recover a lot of those restructuring costs in a couple of years. As stated by several people on these forums, Ford is still a LOT better off than GM, although still behind Daimler-Chrysler.

 

I believe they made money on car sales though. More than last year at this time. I could be wrong.

 

"Ford Loses $1.2B As Restructuring Begins"

Did they check under the matress and between couch cushions?

I'm (obviously) not worried. I'm counting on death to save me before America collapses/ the Earth explodes/ ice caps melt.

 

I'm just glad my brother didn't lose his job in all this.

 

Hey Torrence, thanks for making me feel like an arsehole...