US CREDIT - Ford tightens little on plan, results

Newswire

NEW YORK, Jan 23 (Reuters) - Ford Motor Co. on Monday did not get much bang out of its stronger-than-expected fourth-quarter results and restructuring plan in the credit derivatives market. Credit analysts said the results may have been boosted by one-time events and the restructuring plan was mostly in line with expectations, leaving big unanswered questions. The ailing No. 2 U.S. automaker said it would slash up to 30,000 jobs and shed more than a quarter of its production capacity as ...

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