Ford Is Resigned to Underwhelming Profit Even After Europe Cuts
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For all the cuts Ford Motor Co. is poised to make in Europe, it’s resigned to the region staying a drag on profitability for the foreseeable future.
Ford on Thursday put a giant German van plant on the chopping block, started a strategic review of its Russia joint venture and vowed to consolidate operations in the U.K., adding to plans for a French transmission factory to cease production this spring.