US [updated 12:40BST]: Ford Q1 net loss: $1.4bn, cashflow improves

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Ford on Friday announced a net loss of $1.4bn, or $0.60 per share, for the first quarter of 2009 and a pre-tax operating loss of $2bn, excluding special items. It reported net income of $70m, or $0.03 per share, in Q1 2008 and a $686m operating profit a year ago. Full story...