Ford Posts Big Loss

Ford has posted a $14.6 billion loss, however, they will still not seek aid. After the worst annual loss in its 105 year history, Ford Motor Co. still doesn't plan to seek government aid. Good for them! However, it is borrowing more money and hinting at further restructuring to brace for a tough 2009 along with any surprises from the unpredictable economy. It is anyone's guess as to how the economy is going to go this year. It sure doesn't look good right now.

Ford reported Thursday a $14.6 billion net loss for 2008, beating its old record of $12.6 billion set two years ago. They lost $5.9 billion in the fourth quarter, but more importantly, it spent $5.5 billion more than it took in. That dropped its cash reserves to $13.4 billion at the year's end. I feel you have to respect their decision instead of asking for a bailout right away.

Ford Recalls 470,000 Mustangs Over Air Bags

Doesn't it seem like something is being recalled almost every day or every week? Don't We make anything right in the United States anymore and don't they check the stuff coming in the United States well enough? Ford Motor Co. said it is recalling 470,000 Ford Mustangs from the 2005-2008 model years to recalibrate how forceful the air bag deploys on the front passenger side of the car.Now THAT is a lot of cars!! Their spokesman said internal testing showed the air bag could injure a small, unbelted passenger. The recall was posted on the Web site of the National Highway Traffic Safety Administration. There were no reports of injuries or accidents tied to the recall. I am glad of that. Owners can take their vehicles to a dealer to have the air bad recalibrated to deploy at a lower force. Actually, I am very short and would probably be seriously injured as much as a child by one of these air bags. It is scary in other vehicles too for children and small adults.