Will Ford Act To Curb Mounting European Losses? “We now forecast Ford Europe losses to widen from $220 million this year to a loss of $1.2 billion by 2021” As Ford Motor looks askance from Detroit at its loss-making European subsidiary, speculation mounts that drastic action might be on the cards as losses from cars […]
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Ford Europe Loses Money Again; Big Shake-up Coming
Ford Europe Loses Money Again; Big Shake-up Coming. Vans Make Big Margins. Ford Europe notched up a loss, leading to speculation strong reform measures might be needed to turn the operation around. Ford Europe lost a pre-tax $73 million in the second quarter, after an $88 million profit in the same period last year, and […]
Ford Europe Under Scrutiny Again As Profit Prospects Melt
Ford Europe Under Scrutiny Again As Profit Prospects Melt. “In our opinion, Ford Europe currently represents the single-biggest risk to Ford’s long-term financial health and success. As Ford Motor prepares revolutionary but unspecified changes to enable the company to survive and thrive in an era of autonomous and electric cars, investors are wondering if unprofitable […]
VW, Ford Van Venture Might Lead To Something Bigger
VW, Ford Van Venture Might Lead To Something Bigger. “It’s a big leap from “investigating several joint projects” to believing that Ford and VW are about to reshape the automotive landscape”. Volkswagen and Ford said their collaboration plan was limited, but the news inevitably spurred speculation that there might be more ambitious plans afoot. Ford […]
Ford Unveils New Focus On Sale Later This Year
Ford Unveils New Focus On Sale Later This Year. “The new generation (Focus) looks very attractive but is nothing different than the usual evolution of a popular car” Ford of Europe unveiled its new Focus global compact family sedan Tuesday, which will go on sale here and in China later this year and in the […]
How Committed Is Ford Motor To Its European Operation?
How Committed Is Ford Motor To Its European Operation? “(Ford could) Exit Europe, potentially with the help of a partner. GM showed the way with Opel and has been rewarded” Ford Europe was never a financial basket case like General Motors’ Opel Vauxhall, but although it is currently apparently making money, it’s not successful enough […]
Fields Demise At Ford Signals Impatience With Pace Of Change
Fields Demise At Ford Signals Impatience With Pace Of Change. New CEO Hackett Expected To Stay 3 To 4 Years “It remains to be seen whether the elevation of Hackett leaves Ford better placed to tackle the evolving nature of the auto industry” Ford Motor’s surprise move to fire CEO Mark Fields and replace him […]
Ford Europe Profits Hit Record In 2016
Ford Europe Profits Hit Record In 2016. Profit This Year Will Suffer From $600 million Currency Hit. Ford Europe reported a record $1.2 billion pre-tax profit for 2016, then announced a day later that because of the fall in sterling since the Brexit vote June 23, it would take a $600 million charge in 2017. […]
Ford, GM Top Global Profit Charts With Volkswagen Lagging
Ford, GM Top Global Profit Charts With Volkswagen Lagging. “I think if we take a 10 year approach, it will be most challenging for the Japanese carmakers with Honda and Toyota not as strong” Two U.S. automakers were the most profitable mass vehicle makers in the first half of 2016, with Ford Motor just edging […]
Ford, GM Top Global Profit Charts With Volkswagen Lagging
Ford, GM Top Global Profit Charts With Volkswagen Lagging “Ford is very strong in China compared with GM and this will help Ford over the next couple of years” Two U.S. automakers were the most profitable mass vehicle makers in the first half of 2016, with Ford Motor just edging out General Motors, and the […]