Ford Reveals Q1 Slump

25 April 2006

   DETROIT - The automaker reported a first quarter net loss of $1.19 billion (€961m; £665m), compared with net income of $1.21bn for the year-earlier period.
   Ford Motor Company's earnings from continuing operations were $458 million, down from $1.26bn a year earlier.
   Ceo Bill Ford Jr says the company must fundamentally change its business model by shrinking its operations and cutting costs.