Ford Losses Shrinking

Ford CEO Alan Mulally notes that their cash burn rate is less than 5% of what they had in Q3 and Q4 of 2008,and they believe they can lower it for the rest of this year.They also validated their guidance of returning to profitability by 2011,Mr.Mulally said.The supply base is the most fragile base of support.We started this restructuring two-and-a-half years ago,the executive remarked.We have a good agreement with the United Auto Workers.Ford has the money to continue this transformation.We keep a continuing dialogue with the government,Mr.Mulally revealed.