Ford reports $8.7 billion loss
                   
cnn.com     Jul 24, 2008            

Automaker said it lost $8.7 billion in second quarter, with special charges. Paste this link into your favorite RSS desktop reader See all CNNMoney.com RSS FEEDS By Aaron Smith, CNNMoney.com staff writer NEW YORK (CNNMoney.com) -- Ford Motor Co. announced plans to transform its vehicle lineup and reported a massive second-quarter loss on Thursday. Ford said it lost $8.7 billion, or $3.88 per share, including pre-tax special charges primarily due to special charges related to the writedown of assets. This is compared to the year-earlier quarter, when the automaker announced a profit of $750 million, or 31 cents per share. Revenue, excluding special items, fell to $38.6 billion from $44.2 billion a year earlier. Ford also said it will make big changes to the vehicles it sells domestically - bringing six small cars made in... [read full story]                    


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'Merc men' beat up Ferrari driver

nst.com.my     1 hr ago          

SEREMBAN: An accident involving a Ferrari turned into a robbery nightmare for a Singaporean couple. The couple was driving from Singapore to Genting Highlands in a Ferrari on Friday when they knocked into a Hyundai at...                    

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China Plans Massive $3.5 Billion GM Crops Push

treehugger.com     1 hr ago   1 related          

Image from Klobetime Driven by the increasingly pressing need to provide a stable food supply for its surging population (1.3 billion and growing), China has decided to engineer its own "Green Revolution" by embarking...                    

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The 65 MPG Ford The U.S. Can't Have ( TOO PRICEY TO IMPORT? )

freerepublic.com     1 hr ago   1 related          

If ever there was a car made for the times, this would seem to be it: a sporty subcompact that seats five, offers a navigation system, and gets a whopping 65 miles to the gallon. Oh yes, and the car is made by Ford Motor...                    

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Dodge won't fund any Truck teams starting in '09

espn.go.com     1 hr ago          

JOLIET, Ill. -- The struggles in the U.S. automobile sales market are trickling down to racing, with the latest blow coming to the Craftsman Truck Series. Dodge will not provide any financial support to any teams in the...                    

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