Ford Loses $1.4 Billion But Beats Expectations

Los Angeles Times - Top News, Los Angeles Times
Fri, 04/24/2009 - 2:11pm

Despite plummeting sales, its per-share loss is about half of what analysts had predicted. Also today, GM borrows more federal funds, and reports point to Chrysler bankruptcy. Amid swirling rumors about the fate of the U.S. auto industry, Ford Motor Co., the only domestic carmaker not to rely on federal aid, reported a first-quarter loss of $1.4 billion, bettering analysts' expectations.

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Topics: auto industry big three chrysler earnings & sales reports ford general motors

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