Ford recorded a net after-tax loss of $14.6bn ($6.41 a share) last year compared with $11.84bn (-$5.03 a share) in 2007, according to results released on Wednesday.

Full year 2008 revenue was down $34.6bn to $139.3bn on vehicle wholesale unit sales down 1,15m to 5.4m.

The automotive operating loss was $6.2bn, a $5.1bn fall versus 2007. Financial services’ operating loss was $495bn, a $1.72bn drop year on year.

Ford’s full-year pre-tax loss improved slightly to $6.7bn from $6.82bn while the after tax loss was $7.12bn (a $3.13 loss per shares) versus $6.7bn (-$2.92).