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Ford hit by big loss
Thursday, 10 May 2012 18:44

Ford Engine Plant More bad news for Ford with the local car maker posting a $290 million after-tax loss.

The operating loss is reportedly closer to $78 million.

Ford is blaming the hit costs associated with the restructure of the business, a continued industry-wide decline in large vehicle sales and supply issues because of the Thailand floods.

Rival Holden's announced a $90 million profit.

 
     

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