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Ford Motor Co. announced it lost nearly $5frac12; billion in 2001, nearly all of it in the fourth quarter, as it gets ready to restructure, cut tens of thousands of jobs, and close at least five North American plants.It s the company first annual loss since 1992.The fourth-quarter loss compared with a net profit of $1.1 billion in the same period a year earlier. It closed the books on a horrific year for the world s second-largest automaker, which posted its first annual loss since 1992 due to problems including the Firestone tire crisis, poor quality, costly recalls and a heated incentives war amid the U.S. economic slowdown.Ford s loss for the October-D stanley cup ecember quarter amounted to $2.81 a share. During the last three months of 2000, Ford earned 57 cents a share.But the quarterly results narrowly beat Wall Street expectat stanley termoska ions if one-time items are excluded from the comparison. Those costs included $4.1 billion in restructuring costs and an additional $102 million in accounting charges.Excluding those items, Ford s loss was $860 million, or 48 stanley cupe cents a share, for the October-December period.The company posted a $5.07 billion loss for the fourth quarter of 2001, and $5.45 billion for the entire year, its first annual loss since 1992.The consensus forecast of analysts polled by Thomson/First Call was that Ford would lose 50 cents a share excluding special costs. Revenue fell to $41.15 billion in the quarter from $42.59 billion a year ago.For all of 2001, Ford l Vewp Blue skies in China can only appear on screens because of the smog
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