UPDATE 1-Ford posts quarterly profit versus year-ago loss

Newswire

(Adds details on buyouts, industry outlook, background) DETROIT, April 24 (Reuters) - Ford Motor Co posted an unexpected quarterly profit on Thursday, led by strong results in Europe and South America and a narrowing loss in North America and sending its shares up 5 percent in premarket trade. Ford said it expects the rest of 2008 to be challenging, cutting its full-year North American outlook for sales, but said it remains committed to its goal of returning North America and its whole ...

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