First it was news about GM losing money, now the news came out about Ford. According to autocad.co.uk Ford has enough cash to last about seven months, if it spends the money at the same rate. However, Ford is trying to deal with the cash crunch with massive labor cuts, reduce spending and doing away with all bonuses and slash both engineering and advertising cost.
Interesting fact, while they are in a whole in America, they are making a profit in Europe and South America. This tells me Ford America is just out of touch of what America is looking for in a car! Bring those Euro models to the States!!!
Source: Autocar.co.uk
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