GERMANY: Ford Europe said to be raising Q4 production 40,000 units - Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars
 
LinkBack Thread Tools Display Modes
post #1 of 1 (permalink) Old 08-20-03, 06:39 AM Thread Starter
Mr. Embargo
 
Join Date: May 2001
Location: Embargoland
Posts: 3,745
GERMANY: Ford Europe said to be raising Q4 production 40,000 units

Ford Europe plans to raise production in the fourth quarter by 40,000 vehicles due to anticipated stronger demand, the Wall Street Journal reported on Wednesday, according to Reuters.

The report said Fords European arm, which posted a shock $US525 million pre-tax loss in the second quarter, has said it expects a stronger second half and is cutting costs to boost earnings later in the year.

A Ford Europe spokesman declined to comment to Reuters on the 40,000 unit output boost, as reported by the newspaper which cited people familiar with the matter.

"We do expect a better market in the second half - incoming orders are better and June and July were better than expected so we think there is a trend," the spokesman told the news agency.

"We are more optimistic than we were two months ago," he added, according to Reuters, noting that production plans are flexible and can be quickly changed to adapt to market conditions.

Reuters noted that Ford Europe, whose president and chief operating officer Martin Leach quit last week, is cutting third quarter production by about 22,000 vehicles, out of an annual production of 1.6 million units, amid weak conditions.

The news agency said most car makers in Europe are pinning their hopes on at least a modest recovery in demand in the second half after sales fell 2.6% in the first six months of the year.

*Retired.
RPO83 is offline  
Sponsored Links
Advertisement
 
Reply

  Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Fordforums Community > Latest Ford News and Racing News > Ford Worldwide News
Gear in this thread - Powered by O'Reilly Auto Parts


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Similar Threads
Thread Thread Starter Forum Replies Last Post
FORD TOUGH: The pressure's on for Bill Ford Jr. to finish first Stacy94PGT Ford Worldwide News 0 06-10-03 05:52 AM
'Henry had the dream' Stacy94PGT Ford Worldwide News 0 03-28-03 06:58 AM
A CENTURY OF VISION: Fords built city, changed the world Stacy94PGT Ford Worldwide News 0 03-12-03 08:17 AM
Ford Product-Led Transformation: 2003 RPO83 Trans | Driveline 0 07-22-02 07:48 AM
Ford's 100th Anniversary Is Coming RPO83 Ford Worldwide News 1 06-14-02 10:16 AM

Posting Rules  
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome