BBC.US carmaker Ford has reported the biggest full-year loss in its history, but said it still was not going to ask for government loans.
Ford said its net loss for the fourth quarter of 2008 was $5.9bn (£4.1bn). For the whole year, the loss amounted to a record $14.6bn.
Unlike its rivals General Motors and Chrysler, Ford so far has not sought federal loans.
Carmakers around the world have been hit by a drop in global demand.
Ford's previous record yearly loss of $12.6bn was reported in 2006.
Ouch.