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Report: Ford may lose up to $9 billion this year
NEW YORK (Reuters) -- Ford Motor Co. could post a pretax loss of $8 billion to $9 billion this year because of losses at its automotive operations and charges for restructuring, the Detroit News reported today, citing unnamed Ford sources. Automotive operations are projected to rack up pretax losses of $5.6 billion to $5.9 billion, according to a Sept. 6 internal report prepared by CFO Don Leclair's office, according to the report. story
Published: 9:11 AM, ET, 9/14/06
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