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July 19, 2005
Ford Earnings Down
No surprise in Ford's earnings report ... look for manufacturers to tout lighter fast cars with higher MPGs.
Today, Ford reported a 19% drop in Q2 profits — a direct result of loss of market share in North America. This marks a 13 month slump in auto sales with a dramatic slowdown in sales of its SUVs as a result of the skyrocketing gas prices.
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Posted on July 19, 2005 03:50 PM by Sports15.
Filed in Fast Cars under sports utility vehicles.
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