Ford Motor Co. reported a third-quarter loss...
From Times Wire Services
Ford Motor Co. reported a third-quarter loss of $159 million Wednesday, attributing its troubles to a weakening European economy.
The No. 2 auto maker had warned investors of $174 million in red ink, but record earnings by its financial subsidiaries helped reduce the loss, which amounted to 43 cents a share. The third quarter was a dramatic improvement over a year ago, when Ford lost $574 million, or $1.20 a share.
The deficit followed two straight profitable quarters for Ford.
Ford’s worldwide sales and revenue in the quarter were $23.3 billion, up 10.4% from $21.1 billion last year.
