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Ford expecting $2 billion loss in Europe this year


Ford Motor Company forecasts a $2 billion loss in Europe this year, as the recession in the region may cause even lower auto sales than last year. Ford said on Tuesday that 2013 loss would be worse than the $1.75 billion deficit in 2012 as its sales outlook is deteriorating in Europe. The U.S. automaker is closing plants and cutting costs. However, ...
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More Bob Shanks articles

Ford doubles dividend to 10 cents a share amid record profit margins
Ford doubled its quarterly dividend to 10 cents a share after record profit margins boosted its cash reserves. The second-largest U.S. automaker announced its first-quarter dividend will be payable March 1 ...
Ford’s third-quarter profit drops amid Europe losses
Ford Motor Company announced its third-quarter profit slipped 1.1 percent, as its North America unit achieved record earnings that offset higher taxes and losses in Europe. Ford reported its 14th consecutive ...
Ford’s chief financial officer: “I have zero interest to become CEO”
Bob Shanks, the actual vice president and chief financial officer said it has zero aspirations to become CEO of Ford Motor Corp when Mulally retires from the top job. "I have ...

latest automotive news
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Sep.21 (GMM/Inautonews.com) One small problem has cost Nico Rosberg big under the glaring Singapore floodlights. Long before the five lights ...
McLaren loses sponsor deal to Ecclestone
Sep.21 (GMM/Inautonews.com) McLaren has reportedly suffered yet another sponsorship blow. On the eve of the Singapore grand prix, Bernie Ecclestone ...
Relaxing engine freeze talk ‘nonsense’ – Wolff
Sep.21 (GMM/Inautonews.com) Toto Wolff has declared Mercedes' obvious resistance to moves to relax F1's engine 'freeze'. The German marque has ...
Ferrari wants three-car teams ‘for the show’
Sep.21 (GMM/Inautonews.com) Ferrari has split from the pack and declared its support for three-car teams in formula one. Amid rumours ...
Honda plans to charm Alonso at Suzuka – report
Sep.21 (GMM/Inautonews.com) Even in the midst of Fernando Alonso's anger and warnings, rumours about his future just will not ...
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Sep.21 (GMM/Inautonews.com) Romain Grosjean made his thoughts about Renault's below-par 2014 'power unit' more than clear as he bowed ...
Deputy PM says sanctions won’t stop Russia GP
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FIA clampdown dubbed ‘Radio Ga-Ga’ in Singapore
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FIA backtracks on car performance radio clampdown
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