As it looks to return to profitability in Europe, Ford (F) is preparing to restructure its...

|About: Ford Motor Company (F)|By:, SA News Editor

As it looks to return to profitability in Europe, Ford (F) is preparing to restructure its operations in the region and close a factory, possibly a 4,000-staff facility in Genk in Belgium, the WSJ reported yesterday. Meanwhile, GM is in talks with labor unions to close an aging plant in Bochum in Germany as it also struggles to turn around major losses.