UPDATE 1-Ford posts narrower 1st-qtr loss on cost-cutting

Newswire

(Adds details) DETROIT, April 26 (Reuters) - Ford Motor Co. posted a narrower quarterly loss Thursday as cost-cutting and improved results from its European and luxury vehicle operations partially offset weaker sales and charges for restructuring. Ford, which is in the midst of a turnaround plan that includes closing 16 plants and cutting up to 45,000 jobs in North America, posted a net loss of $282 million, or 15 cents per share, compared with a loss of $1.4 billion, or 76 cents a ...

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