Ford expected to detail record loss for 2006

Newswire

By Poornima Gupta DETROIT, Jan 24 (Reuters) - Ford Motor Co. on Thursday will detail a record loss for 2006, the first U.S. automaker to report on a troubled year when the Detroit-based car makers are forecast to have lost some $15 billion on a combined basis, according to analysts. Ford, which will report fourth-quarter and full-year results on Thursday, was also the U.S. automaker hardest hit by rising interest rates, higher gas prices and a shift away from high-margin trucks. Ford, ...

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