Ford Motor said Thursday its first-quarter loss narrowed as cost-cutting and improved results at its European and luxury vehicle operations partially offset weaker sales and charges for restructuring.
Ford, which is in the midst of a turnaround plan that includes closing 16 plants and cutting up to 45,000 jobs in North America, posted a net loss of $282 million, or 15 cents a share, compared with a loss of $1.4 billion, or 76 cents a share, a year earlier.