Ford's Quarterly Loss at $284 million

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With GM's and Delphi's drain circling hogging the spotlight, Ford has gotten away with a $284 million quarterly loss (on a gain of $2 billion in revenue) without a lot of negative fanfare. Of course, the loss would have been more than a half-billion were it not for that Bridgestone settlement money. (Well played, Sir Ford.) Now, the company is talking about plant closings and 20,000 layoffs — many of which we suspect will be from normal attrition. Expect announcements in January. [Thanks to James for reminding us to cover actual news.]

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Ford reports quarterly loss of $284 million, plans to announce restructuring in January [Detroit Free Press]

Related:
Bridgestone Pays Out $240 Million in Settlement with Ford [internal]

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