Stung with losses of $226 million in South America in 1998, Ford Motor Co. is predicting an even rougher ride in the region in 1999. Ford failed to reach the milestone it set for itself of breaking even in South America in 1998 and John Devine, the company's chief financial officer, is warning the industry could face even tougher times this year. Ford already has laid off 35% of its Brazilian workforce but has been unable to run production at one plant because workers are staging a sit-in. ...
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