Ford’s losses have been attributed to "a very tough external environment"
26 July 2012

Ford has revealed that it expects to lose £644m profit in Europe this year. 

Ford’s losses have been attributed to “a very tough external environment, a situation we expect to continue for the foreseeable future”, according to Ford CEO Alan Mulally.

Ford’s European losses, including a 57 per cent profit decline in the second quarter, combined with a “substantially lower” profit in South America, would contribute to the car maker’s global fall in profit for 2012. Previously, Ford was confident that it would match 2011’s $8.8bn (£5.63bn) pre-tax operating profit, but this is now unlikely.

Mullaly said that Ford is currently reviewing the marque’s European arm, but that despite advice from industry analysts that Ford must reduce capacity immediately, closures of any of Ford’s five European factories were not on the agenda.

 

 

 

 

 

 

 

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Comments
26

26 July 2012

Best news i've read all day

27 July 2012

VX220EDDIE wrote:

Best news i've read all day

Jerk.

Also who's hacked into Speshal's account? He's not made derogatory remarks about Porsche for some hours now.

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26 July 2012

I think this is a really good news.

26 July 2012

VXEddie is entitled to that kind of reaction with Opel in such gloomy form and some of it rubbing off on their great rivals for once. 

but sublime, you joined up just to post that?

26 July 2012

In what possible circumstances could this ever be described as good news?????

Do you pair have any idea how many jobs rely on Ford's performance in the UK?

Complete and utter eejits.

 

26 July 2012

bigpaulyh wrote:

In what possible circumstances could this ever be described as good news?????

Do you pair have any idea how many jobs rely on Ford's performance in the UK?

Complete and utter eejits.

 

I agree.

26 July 2012

Its especially saddening when Ford has an exceptional range of cars, matched only by VW.

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