UPDATE 4-Ford says 38,000 accept buyouts, sees cash drain

Newswire

(Adds details from conference call, analyst comment, updates stock price) By Poornima Gupta DETROIT, Nov 29 (Reuters) - Ford Motor Co. said on Wednesday about 38,000 employees -- about half its U.S. factory work force -- have accepted buyout offers, but the company sees a cash drain of $17 billion from 2007 to 2009. Also, Ford expects a deterioration in overall results next year because of decreased earnings at its finance arm and increased interest costs related to higher debt levels. ...

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