Ford Motor Company saw losses widen sharply in the fourth quarter despite an improvement in its core car operations.

The auto giant's net loss slipped to $793 million (€625m; £431m) in the three months to December, more than six times the $130m deficit posted in Q4 2002. Revenue increased 11% to $46.01 billion.

Ford's earnings were hit hard by the cost of 6,700 job cuts in Europe and a new supply agreement.

Despite these problems, losses at its automotive division were cut from $240m to $4m as its worldwide car sales rose slightly to 1.88m. In addition, profits at its finance arm jumped 33% to $470m.

Data sourced from: BBC Online Business News (UK); additional content by WARC staff