How Do You Save a Car Company? - Ford

If you want to know how hard it is to turn around a troubled car company, just look at Ford. The company said Sept. 15 that it will accelerate its plans to cut 14,000 white-collar workforce, slash 30,000 hourly jobs, and close 16 factories. And still, it also stated that it doesn't expect to see a profit in its all-important but money-losing North American business until 2009.