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DETROIT -(Dow Jones)- Ford Motor Co. (F) Friday announced wide-ranging cost cuts after burning through $7.7 billion in cash in the third quarter, as revenue plunged owing to rapidly deteriorating auto-market conditions.

The Dearborn, Mich., auto maker hopes to improve the cash position in its automotive business by between $14 billion and $17 billion by the end of 2010, through a mix of job cuts, reduced benefits, lower capital spending, divestiture of noncore assets and new financing measures.

“Ford’s actions are based on the expectation that the global auto industry downturn will be deeper, broader and longer than was previously assumed,” the company said. Ford said volume declines in 2009 are expected to be comparable with this year’s steep declines, and that the company “will continue to adjust its production in line with the lower demand.”
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If you spend tens of thousands of dollars on a car, you want to get something back for your investment when it’s over. Inevitably, the value of your car will depreciate, but you’d like it to have as much trade-in value as possible.

This doesn’t just go for buying a car. When you lease a car, the amount it will be worth at the end of the lease is critical in determining your monthly lease payment price. It’s called residual value, an important factor to keep in mind if you’re shopping for a new car.

In a list compiled by Automotive Lease Guide, or ALG, the 10 cars expected to hold value the most over the next five years are an eclectic group (sedans and small sport utility vehicles, among others). What do these cars have in common?
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