Ford has any colour so long as it’s red
23.07.09
Carmaker Ford today underlined the crisis facing the motor industry when it racked up second-quarter losses of $638 million (£386 million).
Losses at the company — the only major US carmaker which declined government support — were not as bad as feared.
Avoiding a rescue helped Ford to deliver a smaller sales drop in America than stricken rivals General Motors and Chrysler.
Afternoon:
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