Ford lost $ 5.9 billion in the fourth quarter but do not ask for help

The automaker Ford Motor reported losses of U.S. $ 5.9 billion in the fourth quarter, or $ 2.46 per share, but still did not intend to ask for financial help Federal.

The corresponding quarter of the prior year, Ford reported to have lost U.S. $ 2.8 billion or $ 1.13 per share.

As for income, they fall from 45.4 to U.S. $ 29.2 billion of the fourth quarter to another.

Ford Motor, which is based in Dearborn, Michigan, also announced that its financial subsidiary will divest 20 percent of its workforce, which represents 1,200 jobs.

The company states that it will ask for financial help if economic conditions deteriorate further.