By: Stocks to Watch
February 29, 2012 at 16:06 PM EST
Ford Sees $600 Million Loss in Europe
Ford (F) said today that it now expects to rack up losses totaling about $600 million this year, according to the Wall Street Journal. That’s actually a decrease from its $747 million loss in 2011. Ford still projects that its overall profit in 2012 will be about the same as 2011. Automakers have struggled in [...]
Ford still projects that its overall profit in 2012 will be about the same as 2011.
Automakers have struggled in Europe for more than a year because of the struggling economy there and because of intense competition that has helped drive down prices of vehicles.
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