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News Watch
- 10/17/2008 2:15:36 PM
By Chip Brian, SmarTrend Analytics Team
Today, U.S. automotive giant, Ford Motor Co. (NYSE:F), announced its 2Q fiscal results. The company posted an $8.7 billion loss, or $3.88 per share, compared to a profit of $750 million, or $0.31, in the year-ago period. The loss was a result of the company reducing the value of its large vehicle plants and loans. Revenue for the quarter fell to $38.6 billion, compared to last year's $44.2 billion.
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