Ford Motor Company Updates Fourth Quarter Financial Forecast

DEARBORN, Mich., Dec. 5 -- Ford Motor Company announced today it expects fourth quarter results, before one-time items, to be a loss of 50 cents a share. Previously, the company said it expected fourth quarter operating results to improve from the third quarter loss of 28 cents a share, although earning a profit would be difficult. The primary reason for the lower forecast is increased credit loss reserves reflecting weakened U.S. economic conditions. In addition, marketing and product costs remain at high levels.