Ford Motor co loses 8.7 billion dollars in second quarter
US automotive concern Ford Motor Company reported Thursday that it lost 8.7 billion dollars in the second quarter of 2008 amid writedowns in the value of its assets and announced it would speed up its move toward more fuel-efficient vehicles.
General Motors Corp. says it lost $9.6 billion in the fourth quarter and burned through $6.2 billion in cash as it sought government help to avoid running out of cash.