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Auto News Articles - Ford posts profit; more cuts coming
News Article
Ford posts profit; more cuts coming
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Source: Detroit News Online
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Date:4/25/2008
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Source Link: Click Here |
Ford Motor Co.'s surprise $100 million first-quarter profit pushed Blue Oval shares nearly 12 percent higher, but the Dearborn automaker warned that deeper cost cuts will be necessary to meet its goal of returning to full-year profitability in 2009. Ford CEO Alan Mulally said the company will continue to take tough action to match its North American production to declining demand for its vehicles in the region, where it continues to lose money.
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