Ford loss narrows; to offer buyouts
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Ford Motor Co  posted a sharply narrower fourth-quarter loss on Thursday after cutting costs and boosting margins on vehicles and said it expects a net loss for the full year 2008.
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If Ford decides to sell successful Swedish luxury unit Volvo, it could mean a lack of strong bids for its Jaguar and Land Rover units at a time when Ford is restructuring its North American operations, analysts said on Monday.
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Struggling US carmaker Ford sees its shares fall 4% after it unveils plans to borrow $18bn (Â£9.3bn).
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The Ford Motor Company  is  expected to receive opening bids on Thursday for its Jaguar and  Land Rover brands from a number of companies including private  equity firms and other automakers, the New York Times reported  on Thursday, citing people with direct knowledge of the  situation.
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Ford Motor Co.  on Thursday said  it was trying to sell its Aston Martin luxury unit to free up  funds to invest in its other brands amid a sharp downturn in  sales.
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Ford Motor Co. F.N on Tuesday said  its automotive business will improve this year, but overall  earnings will fall due to weaker profit at its financial  services unit.
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DETROIT -- Ford Motor Co. plans to offer buyout and early retirement packages to more than 75,000 of its employees, a United Auto Workers union official said Thursday.
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Chrysler Group and Ford Motor Co.   on Tuesday reported steep declines in July vehicle sales, a  drop expected to cost both U.S. automakers share in a weaker  market overshadowed by concerns about fuel efficiency and high  gasoline prices.
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Ford Motor Co. expects lower earnings in 2005 because of a drop in profits at its financial services arm, which contributed heavily to 2004 results, but the nation's second-largest automaker predicts robust growth from its automotive businesses. Its shares rose nearly 2 percent.
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TORONTO (CP) - Improved profit guidance from Ford energized sock markets Friday morning despite a consumer confidence reading that unexpectedly slipped.
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Ford Motor Co. is seeking buyers for its Volvo, Jaguar, and Land Rover brands in Europe as the money-losing automaker tries to focus on North America, two people familiar with the strategy said.
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Ford Motor Co.  on Thursday reported a quarterly profit, reversing a year-earlier loss, as earnings from its finance arm offset weak automotive operations.
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Lower sales may aid GM and Ford's return to profitability.
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Ford Motor Co.  cut its dividend  in half on Thursday as well as the fees paid to board members  as the U.S. automaker struggles with its turnaround plan.
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Ford Motor Co.  has hired investment banks to help it explore options including a sale of its Jaguar and Land Rover European luxury brands, sources familiar with the matter said, as several companies ruled themselves out from bidding.
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Cruising along the ever-stretching road of decline. Auto giant Ford Motor (nyse: F - news - people ) reported vehicle sales in October that fell 5% from a year ago.
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Ford Motor Co.  had preliminary  talks with Cerberus Capital Management about selling Cerberus  its Jaguar and Land Rover brands, but the discussions have been  inconclusive, according to a report on the website of The Wall  Street Journal.