Ford Of Europe: Slimmer,But Maybe Not LuckierRichard A. Melcher
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.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Fewest Jobless Claims Since 1973 Show Firm U.S. Job Market
- U.S. Stocks Pare Drop, Treasuries Rise With Gold: Markets Wrap
- Greenwich Mansion Listings Pulled to Wait for a Better Day
- The U.K.'s $86 Billion Pension Problem Is About to Solve Itself
- Smartphones Are Killing Americans, But Nobody’s Counting