Ford reports net loss of $129 million

Ford announced today the third quarter results: a net loss of 9 million, or 6 cents per share. This compares with a net loss of 0 million, or 19 cents per share, in the third quarter of 2007. Ford’s third quarter pre-tax operating loss from continuing operations, excluding special items, was .7 billion, down from a 4 million profit a year ago. The company also today announced additional actions to reduce costs and improve Automotive gross cash to enable Ford to continue to (…)

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