One Ford, Explained: Jalopnik's Ford Announcement Cheat SheetRay Wert7/24/08 9:40amFiled to: Ford EarningsWhat The Ford Was ThatecoboostFeatureford FocusFord North AmericaEuropeFordIndustry NewsTop991EditPromoteShare to KinjaToggle Conversation toolsGo to permalinkAs you already know, Ford dropped a double dose of news on us this morning. First, they lost $8.7 billion during the second quarter of this year. Second, they've officially revealed "One Ford," their global product realignment plan to bring to the United States much of their European lineup that's considered by many to be top-notch. With some seriously long press releases to wade through and items like "North America Long-Lived Assets" to explain, we figured you could use a hand in figuring out what this all means. So, we've put together a quick walk-through of what was said and our explanation — in patented Jalopnik Snap Judgment style — below the jump for all you people out there who just want to be "in the know."