Safe Mode: On
Ford Laying Off 2200- Democrats Economy Collapse Hurting The Working Man.

DEARBORN, Mich. – Ford Motor Co. said Friday it lost $129 million in the third quarter as the struggling automaker burned through $7.7 billion in cash.

The automaker also said it will cut about 2,260 more white-collar employees in North America as it tries to weather the worst economic downturn in decades.

Ford says it lost 6 cents per share for the quarter, compared with a loss of $380 million, or 19 cents per share, a year ago.

The company posted a pretax loss of $2.7 billion from continuing operations. But it was offset partly by a $2 billion gain as the company shifted retiree health care liabilities to a trust run by the United Auto Workers.

Ford's global automotive operations had a pretax loss of $2.9 billion for the quarter, compared with a pretax loss of $362 million a year earlier.

Sales fell 22 percent to $32.1 billion from $41.1 billion due to lower volume and


Added: Nov-7-2008 
By: Patriotlimo1
Tags: Obama, Loser
Location: Tampa, Florida, United States (load item map)
Views: 9694 | Comments: 81 | Votes: 0 | Favorites: 1 | Shared: 0 | Updates: 1 | Times used in channels: 1
You need to be registered in order to add comments! Register HERE