Ford loses more than £4 billion
The loss was more than double the deficit posted for the same period in 2007, and underlines the dramatic recent collapse of the car market.
Overall, Ford lost $14.57 billion (about £10.2 billion) during 2008 – up from a $2.7 billion (about £1.9 billion) loss in 2007.
Ford said in a statement that it has $24 billion (about £17 billion) in available funds, including $13.4 billion (about £9.5 billion) in cash.
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