10000 more at Ford to become unemployed as Ford heads towards bankruptcy
Media Release
Sep. 15, 2006

Ford Motor Co. unveiled new plant close closing and staff cut plans Friday, admitting it can no longer hang onto its position as the nation's No. 2 car company or return its core auto unit to profitability as soon as previously promised. The company said the new cuts, along with a suspension of its dividend, will allow it to save $5 billion in costs in the coming years, as it tries to adjust to its more modest place in the U.S. market.

Website: http://money.cnn.com/2006/09/15/news/companies/ford/index.htm?cnn=yes

10000 more at Ford to become unemployed as Ford heads towards bankruptcy
Media Release
No. 2 automaker to hasten and expand plant closings, trim a third of white-collar jobs and suspend dividend; still, stock tumbles as expected rebound to profitability delayed.
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Media Release
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Grace Wong - CNNMoney.com staff writer
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Media Release
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Media Release
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Media Release
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Media Release
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