Ford in Deep Doo-Doo in Europe

Discussion in 'Economy' started by Nova78, Nov 7, 2012.

  1. Nova78
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    Nova78 Silver Member

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    Ford may cut more European capacity if outlook worsens | Comcast

    The situation in Europe remains "very volatile", Chief Executive Alan Mulally said at a conference in Berlin on Wednesday, two weeks after the company announced plans to scrap 6,200 jobs and three plants in the region.
    "We don't know whether it will stabilize or hit bottom or not because it's continuing to decrease," Mulally said.
    Ford, which posted a $468 million European loss in the third quarter, expects to lose a combined $3 billion in the region in 2012 and 2013.
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