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Show Ford Loss $51,600,000 The Ford Motor Company reports re-ports a loss of $51,600,000 for the first nine months of 1946 but Ernest R. Breech, executive vice-president, says that the loss would have been reduced to $32,900,000 if tax rebates had been included and it had represented rep-resented a full year's operating results. It is perfectly obvious that any company requires a tremendous tremen-dous capital to be able to contemplate con-template such a loss in operation. opera-tion. Mr. Breech says that his company gambled millions of dollars in the hope of getting into the market ahead of competition, com-petition, and, that, as a result of the loss, it will have to defer expenditures for manufacturing improvements and enlargement of its research facilities. Naturally, he says that "we are going to have to earn back these losses before we can do a great many things that we would like to do." |