On Sat, Mar 20, 2010 at 11:40 PM, Publius Maximus <[email protected]> wrote:
"Dearborn-based Ford reported its worst three-month performance ever in the second quarter, when it lost nearly $8.7 billion. The cash burn _ in which a company spends more money than it takes in _ was far higher than the $2.1 billion Ford used up in the second quarter. Ford said the cash burn primarily reflected pretax automotive losses, changes in working capital and payments to its credit arm to reduce interest rates for buyers. It was exacerbated by sales drops and production cuts of 500,000 fewer vehicles from second-quarter levels, resulting in $3 billion less in incoming cash for the quarter." Going from strenght to strenght i'd say A+ jml _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
