Ford

Auto
2:16 pm
Tue October 30, 2012

Ford profits way up in North America, way down in Europe

Ford Motor Company's third quarter profit in North America was its biggest since at least 2000.

But the company's financial performance was dragged down by Europe, where a protracted recession has cripped car sales.

Ford lost $468 million in that region.

The company has a turnaround plan for Europe, and it's very similar to what Ford did to recover in North America:  decisive downsizing, including closing plants, while at the same time investing heavily in future products.

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Auto
5:07 pm
Wed October 24, 2012

Ford, GM move to stem losses in Europe

Both Ford and General Motors announced steps this week to reduce their losses in Europe.

The region is experiencing a disabling recession that's expected to last at least through 2015.

Car sales are abysmal in Europe, down more than 30-percent from normal demand.

Ford says it may lose a total of one billion dollars in the region for the entire year.

General Motors' losses might be more than that.

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