Ford shares drop on GM news pare losses
NEW YORK (Reuters) - Ford Motor Corp (F.N) stock dropped 5 percent before quickly paring losses on Friday after competitor General Motors Corp (GM.N) posted a quarterly loss and tumbling revenues.
Ford shares were down 2 percent to $1.94, while GM shares slipped 13 percent to $4.18 after falling as much as 16 percent.
(Reporting by Deepa Seetharaman; Editing by James Dalgleish)
© Thomson Reuters 2009 All rights reserved.
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