Ford to post $6 billion loss

Ford Motor Co. projects its worldwide automotive operations will lose nearly $6 billion this year, and the company as a whole could lose as much as $9 billion once restructuring costs are factored in, according to internal company forecasts.

A Sept. 6 report under the heading "Automotive Profit Forecast" that was prepared by Ford Chief Financial Officer Don Leclair's office projects Ford's global automotive operations will post a pretax loss of $5.6 billion to $5.9 billion, excluding non-recurring charges. A senior Ford source with firsthand knowledge of the report provided details to The Detroit News.

The projected loss would be a nearly six-fold increase over Ford's $1 billion pretax global automotive loss last year and illustrates the depth of the automaker's problems in its core car and truck business. More at Detroit News

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