Ford lost $2 billion in the first quarter, and it warned investors Tuesday that its finances will be far worse in the current quarter
New York .
The company it expects a loss before interest, taxes and special items to reach $5 billion in the quarter, compared to a $632 million loss on that basis in the just-completed quarter. Ford posted a narrow profit in South America but lost money in every other region, posting a $1.9 billion adjusted operating loss in North America.Revenue in the first quarter fell 15% to $34.3 billion, as the number of cars sold fell 21%. It also said it burned through $2.
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