Ford posts fourth-qtr loss of $5.8 billion

Newswire

DETROIT, Jan 25 (Reuters) - Ford Motor Co. on Thursday posted a fourth-quarter loss of almost $5.8 billion on declining sales of its profitable trucks and charges for employee buyouts. For the full year, Ford lost $12.7 billion, its deepest loss in its 103-year history. The previous record net loss was $7.39 in 1992. Ford, which is in the early stages of a turnaround plan that includes closing 16 plants and cutting up to 45,000 jobs in North America, recorded a net loss of $3.05 a share ...

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