FORD LOSS
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atk
Moderator
so is that the money they didn`t make from the previous year...
...just my 2 cents worth
...just my 2 cents worth
BamaSixGun
SDD Super Mod/Staff
how in the world can a company that loses that much money, continue to stay in business?
that has allways baffled me.
a loss of 10,000 would hit me hard, hard enuff, that it would take several months to recover.
that has allways baffled me.
a loss of 10,000 would hit me hard, hard enuff, that it would take several months to recover.
assets 'bama assets !
they have borrowed against the value of those assets <heavily>...and if they dont
turn this around the creditors will collect if they miss a payment
Ford mortgaged its assets to borrow up to $23.4 billion to pay for the restructuring and to cover losses expected until 2009. About 38,000 hourly workers have signed up for buyout or early retirement offers, and Ford plans to cut its white-collar work force by 14,000 with buyouts and early retirements
.....because of interest on its debt, "total automotive results are expected to be worse in 2007 than in 2006," he said......
.....the company finished 2006 with $33.9 billion in cash available for its automotive operations, including $12 billion that it borrowed in December. He said the company could tap into nearly all of that cash to fund its operations.
they have borrowed against the value of those assets <heavily>...and if they dont
turn this around the creditors will collect if they miss a payment
Ford mortgaged its assets to borrow up to $23.4 billion to pay for the restructuring and to cover losses expected until 2009. About 38,000 hourly workers have signed up for buyout or early retirement offers, and Ford plans to cut its white-collar work force by 14,000 with buyouts and early retirements
.....because of interest on its debt, "total automotive results are expected to be worse in 2007 than in 2006," he said......
.....the company finished 2006 with $33.9 billion in cash available for its automotive operations, including $12 billion that it borrowed in December. He said the company could tap into nearly all of that cash to fund its operations.
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how in the world can a company that loses that much money, continue to stay in business?
that has allways baffled me.
a loss of 10,000 would hit me hard, hard enuff, that it would take several months to recover.
From Volvo, White, Mazda, and other assests they have to leverage. Their loss was not that much considering the improvements they made. The ROI is at the first stage, so that makes things look bad, but it will turn around.
BamaSixGun
SDD Super Mod/Staff
still boggles the mind tho.
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