UPDATE 3-Ford posts loss, draws $10 bln in credit

Newswire

* Q4 auto cash burn $5.5 billion * Ford drawing on $10.1 bln available credit * Expects to fund turnaround without government loan * Cutting 2,500 white-collar jobs (Adds analyst comments, quotes from CEO, detail) By David Bailey and Soyoung Kim DETROIT, Jan 29 (Reuters) - Ford Motor Co posted a deeper-than-expected $5.9 billion quarterly loss on Thursday but said it would have the cash to survive the worst downturn in auto sales in decades without a U.S. government bailout. Ford ...

Premium Content (PAID Subscription Required)

"UPDATE 3-Ford posts loss, draws $10 bln in credit" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642
 

Current subscribers, please login or CLICK for support information.

Already registered? here.
Insights

Mar 8, 2018
Video
WardsAuto

Toyota Camry Hybrid 2.5L Atkinson 4-Cyl. – 2018 Award Acceptance

Masashi Hakariya, project manager-engine development at Toyota, accepts award for Toyota Camry Hybrid at 2018 Wards 10 Best Engines ceremony....More

Enewsletters

Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×