Ford Of Europe: Slimmer,But Maybe Not Luckier

For two humiliating years, Ford of Europe Inc. has been vying for billing as Europe's worst-performing carmaker. Ford has substantially undershot its market-share target, contributing to a costly overhang of inventories. It has incurred heavy costs for layoffs and restructuring. All told, it rang up losses of about $2 billion over the last two years (chart). And just last month, the company moved to slash an additional 10,000 employees.

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