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.
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