Ford Says Europe Cuts are Enough as Market Stabilizing
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Ford Motor Co., targeting an end to losses in Europe, sees signs that demand is rebounding in the region and doesn’t plan more reductions in plant capacity there.
“We’re at the point where we have no more capacity announcements to make,” Stephen Odell, Ford’s Europe chief, told reporters yesterday at the company’s headquarters in Dearborn, Michigan. “We’ve always said, though, that we’ll monitor the situation and if there were more catastrophic, as-yet-unpredicted changes, we would react to them. We feel that we’ve taken appropriate action.”