UPDATE 1-Ford 4th-quarter loss narrows; to offer buyouts

Newswire

(Recasts 1st paragraph, adds details, CEO quote) DETROIT, Jan 24 (Reuters) - Ford Motor Co posted a sharply narrower fourth-quarter loss on Thursday after cutting costs and boosting margins on vehicles and said it expects another net loss for the full year 2008. The nation's No. 3 automaker, which has struggled with declining sales and sliding market share in the United States, said it would take further cost-cutting actions on its home turf, including offering buyouts to all of its ...

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