Ford Joins GM in Europe Morass Losing Combined $1 Billion

Ford Joins GM in Europe Morass Losing Combined $1 Billion

Daniel Acker/Bloomberg

Neither move enabled GM or Ford to avoid operating losses of more than $500 million each in Europe in the third quarter, estimated Adam Jonas, an auto analyst at Morgan Stanley. Ford’s action, though, is more definitive than GM’s agreement with Peugeot, which may not be finalized by a self-imposed deadline of Oct. 31.