Ford Motor Co. announced plans to transform its vehicle lineup on Thursday and reported the largest quarterly loss in its 105-year history.Ford said it lost $8.7 billion, or $3.88 per share, in the second quarter, including pre-tax special charges primarily due to the write-down of assets. A year earlier, the automaker announced a profit of $750 million, or 31 cents per share.Without charges, Ford reported a loss of $1.4 billion, or 62 cents per share, in the latest quarter.
Revenue, excluding special items, fell to $38.6 billion from $44.2 billion a year earlier.
http://money.cnn.com/2008/07/24/news/co … 2008072411
Revenue, excluding special items, fell to $38.6 billion from $44.2 billion a year earlier.
http://money.cnn.com/2008/07/24/news/co … 2008072411