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Thursday, July 24, 2008

Ford: $8.7 Billion Loss

by Calculated Risk on 7/24/2008 09:22:00 AM

From the WSJ: Ford Swings to Loss On Write-Downs

Ford Motor Co. swung to an $8.67 billion second-quarter loss as the company recorded $5.3 billion in write-downs at the auto business and $2.1 billion on leases at its credit arm.
Rising costs and falling demand were blamed for the loss.

(note: I'm still posting on my wireless)