January 18, 2002 (vol. 112, iss. 61) • Page Image 5
…r LOCAL/STATE The Michigan Daily - Friday, January 18, 2002 - 5 Smooth jazz Ford's losses surpass $5 billion DEARBORN (AP) - After tucking away $4.1 billion in restructuring costs into last year's books, Ford Motor Co.'s chief financial officer says the automaker expects to break even in 2002 as a result of a major cost-cutting plan. "In 2002 we will realize $2 billion in pretax profit improvement from the revitalization plan," Ford CFO M...…