Having slowed its rate of cash-burn, Ford Motor Co. also expects to exceed its $4 billion full-year target for structural cost reduction. In addition, Ford maintains its overall financial performance, and that of its struggling North American automotive operations, will hit the breakeven point by 2011. The auto maker’s optimism belies its $1.4 billion first-quarter loss, a swing of nearly $1.5 billion, compared with the $70 million surplus Ford booked in like-2008. President and CEO ...
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