Clunkers Scheme Boosts Ford

Summary


CAR giant Ford has reported its first earnings growth in more than a year thanks to the US "cash for clunkers" scheme and cost- cutting efforts.

America's second largest carmaker posted underlying pre-tax operating profits of pounds 672m for the three months to the end of September, pounds 2.4bn higher than a year earlier.

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Extract


Clunkers Scheme Boosts Ford

The group's North American division also returned to the black for the first tim...

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