DETROIT – Don Winkler, group vice president and chairman/CEO of Ford Motor Co.’s Ford Financial credit arm, resigns abruptly on Dec. 14, after Ford warned on Dec. 5 of fourth quarter losses stemming from bad auto loans of $900 million, or 50 cents a share. Ford calls Winkler’s resignation “a mutual decision.” Ford has had a surge in bankruptcies and unemployment since the Sept. 11 terrorists attacks, forcing it to add “a few hundred million” dollars to funds covering bad loans and vehicle ...
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