Ford Announces New Plan to Cut Losses
Topic: Humor
Ford announced a plan to help cut it's losses in the short term today.  Ford said it lost about $12.7 billion in 2006.  That comes out to about $34 million a day.

So in order to help reduce the losses, Ford has announced that in 2007 and 2008 it won't try to build any cars or trucks.  "We figure, we'll save money by not trying to make a profit," said Ford's new CEO Mulally.

According to Dean Witter, this may actually pay off.  "Ford is burning over $1 million an hour in losses when they try to build stuff and sell at a profit.  If Ford merely shuts down production, they'll save lots of money in material and shipping costs," said Allan Tummey, analyst at Dean Witter.  

The analysis indicates that if Ford stops trying to make money by making and selling stuff, they'll only lose $5 billion over the next two years.