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 ...

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