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Car Crisis Leaves Ford Struggling in Europe

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Car Crisis Leaves Ford Struggling in Europe
AIRED:
Ford just can't seem to get a break in Europe. The parent company may be enjoying a revival in the U.S. but its European offshoot is bleeding cash and struggling with overcapacity. A previous pledge to cut jobs and close plants may now not be enough. The situation in Europe certainly isn't helping companies like Ford. The latest figures show sales down by 15.9 percent in the euro zone in March, and there is little sign of an upturn in the second half.moreless
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