Ford Manuevers to Steer out of Skid
Ford Motor (F ) sees $0.70 2001 EPS from operations vs. the $1.20 analysts' consensus estimate on lower volume, higher marketing expenses, and higher costs. Ford will take a $0.10 Q3 charge for write-down of investments, and a $0.40 Q4 charge for employee reduction. The company will cut between 4,000 and 5,000 jobs in North America before the end of the year.
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