Ford Will End 4Q 2008 With Less Than $15B In Cash - CEO
Jan 9, 2009 09:28:58 (ET)
DETROIT (Dow Jones)--Ford Motor Co. (F) Chief Executive Officer Alan Mulally, clarifying remarks made Thursday, said Friday the auto maker will end the 2008 fourth-quarter with less than $15 billion in cash.
Mulally, in an interview with the Fox Business Network aired Thursday, said the auto maker had about $15 billion in cash on hand.
He later clarified the remark, saying he had misspoke since the U.S. auto maker has yet to finalize its accounts for the fourth quarter of 2008.
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