Now we get record sales, even if they are at prices that produce losses for the car companies.

Also, the system has produced losses in one year, if not over time, he noted.

But in any single year, such assets can also produce big losses.

It did not say if the sale would produce a profit or a loss.

A restructuring charge of $353 million, or $1.08 a share, produced an overall loss for the 1993 period.

In the next year, as a much larger fund, its 70 percent decline produced losses of $234.6 million.

China also plunged on March 31, producing a quarterly loss of 1.5 percent.

Some of those loans went bad, producing huge losses for the firms.

The provision is expected to produce a second-quarter loss of about $19 million.

The fourth quarter produced a rare loss of 2 cents a share.