Ford: A Tale of Two Continents
The new Ford (NYSE:F) C-Max compact hybrid crossover is "flying off the showroom lots " said Chief Financial Officer Bob Shanks. But in Europe auto sales are so weak that Ford had to delay introduction of the Mondeo a Fusion variant from 2013 to 2014. The juxtaposition of the reception or lack thereof for the two new vehicles summarizes the situation Ford outlined Tuesday on its fourth-quarter earnings call: record profit in North America combined with continued losses in Europe's ugly auto economy. The European outlook is even worse than it was in October when Ford announced a restructuring ...
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