Ford (NYSE:F) CFO Bob Shanks tells Seeking Alpha that the company is "confident of being profitable" in Europe by 2015 despite the continent's economic slump. "The environment is quite uncertain and in an absolute sense we still expect this year to be a recession for Europe," Shanks said. "But we do believe that we're beginning to see signs of stabilization, both in terms...of industry sales, and also the leading economic indicators around Europe would suggest that things have begun to stabilize. That doesn't mean we're not going to go from crisis to crisis - that seems to be how the policy makers are managing this whole thing - but we are seeing signs of stabilization." (Q2 earnings)