Bob Shanks

Ford beating GM in race to Europe turnaround

Jan. 28, 2013 08:04 CET
Ford will post fourth-quarter results on Tuesday with the figures likely to show the lowest operating profit of the year. But those figures mask optimism coming from an unlikely place: Europe. The automaker is further along the road to recovery in the region than many of its rivals, including GM.... Read More »

 

Europe woes won't derail Ford's momentum, executives say

Jan. 15, 2013 09:44 CET
A more profitable lineup and lower costs protect Ford from persistent weakness in Europe and increased competition in the U.S. auto market, Ford executives said.... Read More »

 

Ford's S&P outlook raised on commitment to fix Europe

Aug. 13, 2012 06:01 CET
Ford received a vote of confidence from Standard & Poor's Ratings Services that the automaker will act decisively to fix its struggling European operations.... Read More »

 

Ford says operating profit will be 'substantially lower' in Q2 due to overseas pressure

5:40 pm U.S. ET | June 28, 2012
Ford said its pretax operating profit will be “substantially lower” in the second quarter because of increasing losses in Europe, South America and Asia. Ford will be profitable and have positive operating cash flow in the three months ending June 30, the automaker said Thursday in a filing with the U.S. Securities and Exchange Commission. Ford said it expects “good results” from its North American operations and from Ford Credit.... Read More »

 

Ford revising 5-year business outlook as Europe woes mount

6:11 pm U.S. ET | June 7, 2012
Ford is revamping its internal five-year business plan to take into account the marked deterioration in the European economy over the last year, the automaker's CFO said Thursday. Europe's debt crisis has depressed demand for new vehicles in the 19 markets Ford tracks in the region, where automakers had already been contending with over capacity, paper-thin margins and tough price competition. Ford expects to lose between $500 million and $600 million in Europe this year.... Read More »