Ford may lose up to $600 million this year in Europe, says CFO Lewis Booth
Ford Motor Co. may lose $500 million to $600 million this year in Europe as the financial crisis in the region has worsened the industry’s problem of overcapacity, according to CFO Lewis... Read more
Ford’s CFO Lewis Booth, global product development chief Derrick Kuzak to retire in April
Two of Ford Motor Co.’s most prominent personalities -- CFO Lewis Booth and global product development chief Derrick Kuzak – will be retiring on April 1. They have been instrumental in... Read more
Ford to reduce debt by $3 billion
As part of efforts to achieve an investment grade credit rating, Ford Motor Co. is planning to reduce its corporate debt levels by $3 billion more with the planned redemption or... Read more
Ford will pay almost $500 million to wind down Mercury, CFO says
It appears that winding down Mercury brand will not be a cheap move for Ford as it will cost the American manufacturer almost nearly $500 million, according to CFO Lewis Booth. Booth said... Read more
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