State of Play: Auto Woes
Ford Motor Company today posted an $8.7-billion loss, it’s largest-ever single-quarter shortfall. The company earned a $750-million profit in the same quarter last year. In an attempt to respond to changing American tastes and boost sales at home, Ford announced it will convert several North American factories in order to bring a line of smaller European cars to the United States.
Online coverage by major media outlets has included a combination of original stories and wire copy but came up with largely similar headlines.
Ford Posts Loss of $8.7 Billion on Asset Woes (The New York Times)
Ford Swings to Loss On Write-Downs (The Wall Street Journal)
Ford Posts $8.7B 2Q Loss on Asset Write-Downs (The Washington Post)
Ford posts $8.7-billion quarterly loss on asset write-downs (Los Angeles Times)
Ford Reports Nearly $9B Loss (CBS News)