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.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The news followed Wednesday's announcement that a plant in Belgium, employing 4,300 people, would be closed in 2014.
NR
-
Crypto ETN warning: why adding them to your ISA could be riskyCrypto investors could be exposed to short-term market volatility thanks to HMRC rules if they buy cETNs into a stocks and shares ISA
-
Radical reforms to state pension age and guaranteed payouts proposedThe state pension age should rise by one year every decade “for the foreseeable future” to make the payments more affordable, former pensions minister Steve Webb has suggested
