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IPFS News Link • Economy - Economics USA

Ford Burns $7.7 Billion Cash in One Quarter

11-07-08 • Bloomberg.com

Ford Motor Co., with U.S. sales shredded by the worst financial crisis since the Great Depression, posted a third-quarter operating loss of $2.98 billion. The company said it used up $7.7 billion in cash and would cut more salaried jobs.

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Ford Burns $7.7 Billion Cash in One Quarter

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