A Huffalump did his business here...: Ford Plans 'Painful' Cuts

Friday, September 15, 2006

Ford Plans 'Painful' Cuts

Ford (F - news - Cramer's Take) confirmed Friday that it plans a sweeping restructuring aimed at returning the struggling automaker to profitability. But the company warned that it doesn't expect to turn a full-year profit on its core North American car operations till 2009.

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