http://michiganradio.org en http://michiganradio.org/post/ford-profits-way-north-america-way-down-europe <p>Ford Motor Company's third quarter profit in North America was its biggest since at least 2000.</p><p>But the company's financial performance was dragged down by Europe, where a protracted recession has cripped car sales.</p><p>Ford lost $468 million in that region.</p><p>The company has a turnaround plan for Europe, and it's very similar to what Ford did to recover in North America:&nbsp; decisive downsizing, including closing plants, while at the same time investing heavily in future products.</p> Tue, 30 Oct 2012 18:16:12 +0000 Tracy Samilton 9695 at http://michiganradio.org