Ford Abandons Profitability Goal & Cuts Production
A month after CEO Alan Mulally said the second-largest U.S. automaker expected to meet its profitability goal...
Ford Motor abandoned its target of returning to profit next year because of rising costs for steel and gasoline.
The CEO of Ford, which lost $15.3 billion in the past two years, declined to say whether he expects a profit in 2010.
Ford will pare North American production 15%from a year earlier this quarter, from a previous 12% cut.
Ford Motor abandoned its target of returning to profit next year because of rising costs for steel and gasoline.
The CEO of Ford, which lost $15.3 billion in the past two years, declined to say whether he expects a profit in 2010.
Ford will pare North American production 15%from a year earlier this quarter, from a previous 12% cut.
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