January 24, 2008 / 12:11 PM / 10 years ago

Ford posts narrower fourth-quarter loss

DETROIT, Jan 24 (Reuters) - Ford Motor Co (F.N) on Thursday posted a narrower fourth-quarter loss after cutting costs and boosting margins on vehicles and said it would offer broad buyouts to union workers in the United States.

The automaker reported a net loss of $2.75 billion, or $1.30 per share, compared with a loss of $5.63 billion, or $2.98 per share, a year earlier.

Ford’s loss from continuing operations, excluding one-time items, was 20 cents a share. On that basis, analysts expected a loss of 19 cents a share, according to Reuters Estimates. (Reporting by Jui Chakravorty Das and David Bailey; editing by John Wallace)

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