Ford Motor Co. surprises analysts by recording a first-quarter net loss of $282 million, a significant improvement compared with year-ago’s $1.4 billion loss. The auto maker’s first-quarter loss from continuing operations, excluding special items, was $171 million, down from $223 million in the prior year. While most analysts are pleased with the results, some remain cautious. Himanshu Patel, of JP Morgan, says in a research note “Q1 results came in sharply better than expected,” but ...

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