Ford Motor Co. says it will continue to lose money this year in South America and says it is worried about losing government grants for a new plant it's building in Rio Grande do Sul, Brazil. “We will lose money this year,” says John Devine, Ford's chief financial officer. Ford earlier said it expected to improve on its $226 million loss in South America last year. Ford's losses grew to $165 million in the first quarter from $45 million a year ago. Ford 1st Qtr Financial Results ...
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