Ford cash in focus as clock ticks on turnaround

Newswire

By Poornima Gupta DETROIT, Jan 26 (Reuters) - Ford Motor Co. is in a race against the clock with Wall Street measuring its progress over the next two years by the cash remaining on its balance sheet. Ford on Thursday posted a record $12.7 billion loss for 2006 and provided the first indication of its cash burn since mortgaging assets to fund job cuts and plant closings at a time when sales of its key high-margin trucks are under pressure. Ford said it burned through $20 million a day ...

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