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Tuesday, Jan 29
Heard on Ford's (F -3.8%) earnings call: 1) No particularly good news from Ford Europe with 2013...
Heard on Ford's (F -3.8%) earnings call: 1) No particularly good news from Ford Europe with 2013 losses expected to mount to $2B. 2) Retail share of North American retail down 90 bps to 13.6% in Q4. 3) Structural costs may be higher in 2013 with unique one-time impacts, restructuring, and pension payments contributing. 4) Ford expects favorable pricing in all regions except for Europe. 5) U.S. industry-wide sales should be supported by a trend of drivers to replace older cars, an industry volume of 15M-16M is expected. Overall, 2013 global unit sales of 80M-85M is forecast. (webcast, slides .pdf)