Ford Posts Record Loss of $12.7 Billion for 2006


Ford post­ed a record net loss of $12.7 bil­lion, or $6.79 a share, for 2006, top­ping 1992 which had pre­vi­ous­ly been its top loss year when it lost $7.4 bil­lion. In a doc­u­ment filed with the U.S. Secu­ri­ties and Exchange Com­mis­sion in Novem­ber Ford warned: “In 2007, we antic­i­pate a dete­ri­o­ra­tion in over­all total com­pa­ny earn­ings.”

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