Ford Motor Co. -- the auto giant that revved through the 1980s -- has finally run out of gas, admitting it will lose money this quarter after eight years of non-stop growth.
"We do not expect to be profitable in the fourth quarter," spokesman Thomas Foote said Wednesday.
Ford blamed weak domestic demand and lower production for the expected loss. But it said the year as a whole would still be strong.
"We earned $1.4 billion during the three first quarters, so we will be profitable this year overall," Foote said.
Ford would not disclose how big the loss would be, but analysts say it will be between $200 million and $400 million.