MELBOURNE — Ford Motor Co. Australia Ltd. reports a net loss of A$16.1 million (US$8.25 million) for 2000. Ford blames a weak Australian dollar, lower sales and aggressive marketing by competitors for the sharp turnaround from a A$82.3 million (US$42.2 million) profit in 1999. Ford Australia President Geoff Polites says the battle for market leadership at the end of 2000 resulted in heavy discounting at the retail level. “As a consequence, we lost sales and share and were forced to ...
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