US: Ford reduces Q3 loss to $129m

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Ford has posted a net loss of US$129mn, or $0.06 a share, for the third quarter of 2008, an improvement on the $380m net loss in Q3 2007. The operating loss, excluding special items, was $2.7bn, down from a $194m profit a year ago. More US jobs are to go but most new product development remains on track.