For most people, losing $2.7 billion over the course of a year would be considered slightly less than stellar. For Ford, on the other hand, that's actually a pretty good year. We're not being sarcastic. In 2006, the company lost $12.6 billion. To fully understand what really happened you have to embrace the mixture of complicated transactions, production cuts, PAG sales and Mark Fields not using the company jet to get home (he also cut back on using the company barber, thus reaping untold savings). But it may be easier to point out that Ford has made steps to get on the path to profitability, and they're moving in the right direction (or at least not moving in the wrong direction as fast as they were). Also, Ford is banking profits in every region of the world that isn't North America, including a pre-tax bump of $1.2 billion in Brazil. For the Fourth Quarter of 2007, Ford only lost $429 million after taxes, an improvement over a nearly $2.0 billion loss the year before. The full story from Ford below the jump.
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