Ford Reports Major Losses
STEVE INSKEEP, host:
Who knew they could break this record again? But there's been a record loss at Ford.
(Soundbite of music)
INSKEEP: The nation's number two automaker is reporting a big loss for the fourth quarter, as sales of trucks continue to decline and employee buyouts cost the company money. So the damage for all of 2006 was a record $12.7 billion. The company says it doesn't expect to see an improvement any time soon.
NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR’s programming is the audio.