Buy custom The Turnaround Ford Motor Company
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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1505 |
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The agreement included the establishment of a company-funded, independently run trust to shift the burden of retiree health care off of the company's books, thereby improving its balance sheet. However, this arrangement will not begin to take effect until January 1, 2010.
Ford reported its largest annual loss in company history in 2006 of $12...
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However, Ford surprised Wall Street in the second quarter of 2007 by posting a $750 million profit. Despite the gains, the company finished the year with a $2.7 billion loss, largely attributed to finance restructuring at Volvo. In March 2008, Ford announced that it had reached an agreement to sell its Jaguar and Land Rover operations to Tata Motors for $2...
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