Ford Loses $5.9 Billion in Fourth Quarter, Rejects Bailout Money

After posting it's worst annual performance in it's 105 year history, Ford says it can survive 2009 without tapping into its line of credit with the Federal government. It does plan to exercise a $10.1 Billion secured line of credit just to make sure it has the cash on hand; not to fund current operations.

Ford took proactive actions in 2006 to raise $23 Billion, and thus has been able to forego loans from the federal government.

One analyst quoted in the article thinks that they will eventually need the money later this year.

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In the spirit of full disclosure, we own a Taurus and Focus (grin).