Why Ford's Looking Better in Europe
Oct 10th 2013 6:37PM
Updated Oct 10th 2013 6:38PM
Most Ford shareholders know that -- despite its turnaround in the U.S. -- the company is still losing a ton of money in Europe. Ford lost over $1.7 billion in Europe last year alone, and at one point warned that it could lose as much as $2 billion in 2013. The problem: Steep recessions that have clobbered new-car sales.
Last fall, Ford launched a turnaround effort, aiming to get Europe back to profitability by mid-decade despite the tough economic conditions. The last two quarters have seen more big losses from Ford's European branch, but the good news is that they've been getting smaller.
Now, there are some small signs that Europe's economic storm may be easing slightly. In this video, Fool contributor John Rosevear looks at some of those signs, and at what they might mean for Ford's sales -- and profits -- in Europe.
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The article Why Ford's Looking Better in Europe originally appeared on Fool.com.Fool contributor John Rosevear owns shares of Ford. You can connect with him on Twitter at @jrosevear. The Motley Fool recommends Ford. The Motley Fool owns shares of Ford. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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