U.S. News

Ford Sees Cash Burn Of $17 Billion From '07 to '09


Ford Motor said on Wednesday it expects a cash outflow of about $17 billion from 2007 to 2009 in its automotive operations, with more than half expected next year.
    The cash burn primarily reflects "substantial operating losses" in Ford's automotive sector through 2008 and cash expenditures for employee separations, Ford said in a regulatory filing.
    "It also reflects our expectation to continue to invest in new products throughout this period at about the same level as we have during the past few years, or approximately $7 billion annually," the company said.