The company has about 79,000 salaried workers in worldwide automotive operations.

The company had lost $25 million on its automotive operations during 1963.

It also separated the automotive operations into two clear reporting groups.

The pension deficit puts all the more pressure on the automotive operations.

But the company's most important business, its North American automotive operations, lost $657 million before taxes in the first half of the year.

A year earlier, automotive operations in the United States lost $947 million.

The company said it lost $1.49 billion, before taxes, in its North American automotive operations.

Ford Credit had operating income of nearly $1.4 billion, while the company's automotive operations lost $539 million.

But the domestic automotive operations were a different story.

"The changes we have been making to our automotive operations for the past two years are beginning to pay off."