Ford posts record annual loss of $12.7 bn
Thursday, January 25th, 2007
Ford Motor Co lost $5.8 billion in the fourth quarter amid slumping sales and huge restructuring costs, pushing the fabled automaker’s deficit for the year to $12.7 billion, the largest in its 103-year history.
The annual loss reported on Thursday surpassed its previous record for a year of $7.39 billion set in 1992. The 2006 loss […]