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BREAKING! Ford Reports $8.7 Billion Net Loss For Second Quarter 2008, Bringing Six European Small Vehicles Stateside

Ford's just released two press releases detailing an OMFG $8.7 billion net loss for the second quarter of 2008 (which includes a pre-tax special charge of $8 billion, $5.3 billion of which is for Ford North America). But more importantly to the enthusiast is news they'll be bringing to North America six European…

Ford Slashing Mondeo Price In China, But What Does This Have To Do With The Price Of Tea?

There were 5 million domestically produced cars sold in China in the first half of the year, meaning that if you can't sell cars in China, you should get out of the car-selling business. And to that end, Ford is cutting the price of its 2008 Mondeo by approximately $3,000 to around $25,000, which is a huge drop in a…