Ford To Report Hefty Loss, but Remain Loan-Free
By Michelle Krebs April 23, 2009Ford Motor Co. reports its first-quarter financial results on Friday and is expected to lose
$3.2 billion for its largest first-quarter loss in 17 years, according to the average of analysts by four analysts surveyed by Bloomberg News
.
Still, Bloomberg reported, Ford is likely to be able to steer clear of loans from the U.S. government, like those as General Motors and Chrysler have required. Loan-free Ford is expected to benefit from loan-laden GM and Chrysler, who still may be forced into bankruptcy. Analysts believe Ford has made enough cost reductions to maintain sufficient liquidity to 2010.
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