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UAW and Ford reach deal over retiree health care

DETROIT (Reuters) - Ford Motor Co has reached a tentative deal with the United Auto Workers union on changes to retiree health care, becoming the first Detroit automaker to secure union concessions on the key issue.

 

Ford's Woes Deepen As Pension Plan Falls $4 Billion Short

Ford Motor Co. may have to contribute $4 billion to its pension plan after a 2008 shortfall, a cash drain that risks dragging the second-largest U.S. automaker closer to a federal bailout.

 

Ford says does not need government loans

DETROIT (Reuters) - Ford Motor Co posted a deeper than expected quarterly net loss on Thursday, but said it would have sufficient cash to fund its turnaround without seeking government loans, and shares rose in premarket trade.

 

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