Quantcast
Get breaking news alerts via email

Click here to manage your alerts
Ford expects to return to profit in Europe in 2015
Automakers » Despite fragile economy, Ford predicts first European profits since 2010.
First Published Jul 09 2014 01:04 pm • Last Updated Jul 09 2014 01:29 pm

Dearborn, Mich. • Ford Motor Co. says it remains on track to make a profit in Europe next year despite the fragile economy there.

Ford hasn’t earned a pretax profit in Europe since 2010, and it lost $1.6 billion in the region last year. But Ford Europe president Stephen Odell said Wednesday that three plant closures and more than a dozen new products are helping reverse that.

Join the Discussion
Post a Comment

Ford’s sales are up 6.6 percent in Europe this year, outpacing the industry. Commercial vehicle sales rose 21 percent in June after Ford launched new vans, and Odell said Europe’s first 500 Mustang sports cars sold out in 30 seconds.

Odell says the eurozone’s high unemployment of around 12 percent inhibits the economic recovery there. He predicts a modest, slow recovery over four to five years.




Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Top Reader Comments Read All Comments Post a Comment
Click here to read all comments   Click here to post a comment


About Reader Comments


Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
Staying Connected
Videos
Jobs
Contests and Promotions
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Access your e-Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.