Ford posts $8.67 billion loss, looks to small cars - Autos- msnbc.com
July 23rd, 2008 | by jeff | | Post to NewsCloud »Ford Motor Co. said Thursday it lost $8.67 billion in the second quarter and will retool two more North American truck and sport utility vehicle plants to build small, fuel-efficient vehicles. The net loss includes $8.03 billion worth of write-offs because of a decline in value of North American assets and Ford Motor Credit Co.’s lease portfolio
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