Ford Posts Loss of $8.7 Billion on Asset Woes

DETROIT - The Ford Motor Company, stunned by abysmal sales of its most profitable vehicles and a sudden shift in consumers’ tastes, said Thursday that it lost $8.7 billion in the quarter, its worst ever, and would overhaul its North American plants to focus on small cars.The loss, equal to $3.88 a share, was mostly [...] continue reading world news