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Ford Reports Wider Loss, More Job Cuts

Stock quotes in this article: F , GM  

Ford Motor (F Quote) reported a wider-than-expected third-quarter loss from continuing operations of about $3 billion, or $1.31 a share, compared with a year-earlier loss of $24 million, or 1 cent a share, and said Friday it plans to reduce North American salaried personnel-related costs by an additional 10%.

Analysts surveyed by Thomson Reuters expected the automaker to report a quarterly loss of 94 cents a share.

The net loss in the quarter was $129 million, or 6 cents a share. ...

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