Ford Motor Co. says it will cut its salaried workforce by an additional 5% this year, while slashing its full-year earnings guidance $0.25 due to weak auto sales and supplier-related challenges. The moves come as the auto maker struggles to remain in the black in 2005 and avoid the even more dire straits of its cross-town rival General Motors Corp. Ford had been forecasting earnings of between $1.25-$1.50 per share in 2005, but now is calling for results in the $1.00-$1.25 range, ...
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