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Higher prices help Ford recovery

Ford results - Losses narrow
Ford results - Losses narrow

Ford has said its losses narrowed to $380m in the third quarter of this year as the struggling car maker saw progress in its turnaround effort.

The results showed improvement after a massive $5.2 billion loss in the same period a year ago. The losses were also much narrower than analysts had expected.

Revenue in the period rose to $41.1 billion from $37.1 billion in the same period a year earlier.

The number two US car maker attributed the revenue rise to higher pricing, an improved product mix and changes in currency exchange rates.