Ford executives say new models are on way

DEARBORN, Mich. - A day after posting the worst quarterly loss in its history, Ford Motor Co.'s top product and manufacturing executives said the company plans to roll out new models and make its factories more efficient. They also said that the survival of the troubled company--which lost $8.67 billion last quarter, burned through nearly $11 billion of its cash in the last year and has mortgaged its factories to secure a huge credit line--isn't an issue. "Survival isn't a question for us," said Derrick Kuzak, the company's global product development head. Instead, Kuzak and Joe Hinrichs, Ford's global manufacturing chief, said they are focusing on the future as the company brings six new models to North America from Europe. The models, which include the new Fiesta subcompact to be built in Mexico and several on the European... [read full story]