Ford warns of growing losses and announces UK closures
Ford has admitted that it now expects European losses for 2012 to reach upwards of 1.5bn dollars.
Ford has admitted that it now expects European losses for 2012 to reach upwards of 1.5bn dollars.
The company has also announced more closures, this time spelling bad news for the UK with the shut-down of operations at its Southampton-based van plant and another in Dagenham, where stamping and tooling production takes place.
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The news followed Wednesday's announcement that a plant in Belgium, employing 4,300 people, would be closed in 2014.
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