Ford Expects to Post Loss: After revving...
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From Times Staff and Wire reports
Ford Expects to Post Loss: After revving through the 1980s, Ford Motor Co. has finally run out of gas, admitting that it will lose money this quarter after eight years of nonstop growth. “We do not expect to be profitable in the fourth quarter,” said spokesman Thomas Foote. Ford blamed weak domestic demand and lower production. But it said the year as a whole would still be profitable.
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