Ford Motor said Thursday that it had lost $380 million in the third quarter, slipping back to a loss after a surprise profit in the second quarter. Executives said that they also expected a loss in the fourth quarter and that the company might post a small loss for the year. But Ford essentially broke even on its operations and said its restructuring plan was on track.
The U.S. automaker also said that it had decided not to sell Volvo, its Swedish brand, after conducting a strategic review of the company. Ford said that it would set up Volvo as a separate operation and that it would report results for Volvo, beginning next year.
The U.S. automaker also said that it had decided not to sell Volvo, its Swedish brand, after conducting a strategic review of the company. Ford said that it would set up Volvo as a separate operation and that it would report results for Volvo, beginning next year.
Things that make you go hhmmm!! I guess $380 million is chump change to these guys.
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