Uh-oh. It’s not a $123 million loss for Ford after all.It’s double that figure.
Autoblog reports that after General Motors restated its second-quarter losses, Ford Motor followed suit, revising its second-quarter loss way upward, from $123 million to a whopping $254 million.
In an SEC filing, the Dearborn automaker raised its 2006 pension curtailment expense estimate from $1 billion to $1.2 billion, and revised its Q2 loss accordingly.
And Ford’s troubles continue.