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Ford (F) intends to wrap up its buyout plan for European salaried workers by the end of the...

Ford (F) intends to wrap up its buyout plan for European salaried workers by the end of the year, according to Europe head Stephen Odell. The exec, currently in France for the Paris Auto Show, also noted that a growing belief exists in the industry that European demand won't snap back as fast as originally forecast.
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Comments (3)
  • louparis
    , contributor
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    Ford has seldom made a profit in Europe over the past 25 years.
    P. Louis Bump
    27 Sep 2012, 01:01 PM Reply Like
  • Tdot
    , contributor
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    Really? Please define "seldom". Maybe once or twice in 10 years?

     

    Let's just have a look at Ford's European profit numbers for the last 10 years or so, and see if we can find more than two profitable ones. (source: the annual reports)

     

    2010: $182 million profit
    2008: $970 million profit
    2007: $744 million profit
    2006: $371 million profit
    2004: $65 million profit
    2001: $59 million profit

     

    Unfortunately only the annual reports for the last 10 years are available online for inspection. Pretty sure there were some pretty healthy profits in Ford's European operations through the mid-late 90's though, enough to spend billions on purchasing Jaguar, Land Rover, Volvo, Aston Martin, etc.

     

    OK, yes, the other years were losses in Europe for a variety of reasons, and Jacques Nassar's ill-conceived Premier Automotive Group subsidiary (Jaguar, Land Rover, etc., since disposed) never turned a profit. But unless it is all lies, there seem to be profits from Ford in Europe in 6 of 12 years, including the coming projected losses for this year 2012.

     

    But yeah - if "seldom" is defined as "about half" in the BERKT Group's highest executive levels, then certainly that is a reference benchmark for clients to keep in mind in future consultations.
    28 Sep 2012, 07:38 AM Reply Like
  • louparis
    , contributor
    Comments (5) | Send Message
     
    P. Louis Bump is former Chairman of the BERKT Group, an automotive technology consultancy in Europe, Japan and USA.
    27 Sep 2012, 01:02 PM Reply Like
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