Ford To Report Hefty Loss, but Remain Loan-Free
April 23, 2009

Ford 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.

Posted by Michelle Krebs at 7:11 AM under Analysis , Ford | Comments (0) | digg this | Seed Newsvine

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