| Ford Retiring Finance Chief Booth Says Loss in Europe Mayit $600 Million
"We're going to have a tougher time in Europe than perhaps we anticipated at the beginning of the year," Booth said. Booth, 63, became Ford's finance chief in November 2008, as the automaker was completing a year in which it lost a record $14. 26. "The European overcapacity is well understood," Booth said. The shrinking market in Europe will force automakers to finally cut factory capacity there, said Booth, who ran Ford's European operations before taking the finance role. "Just putting two companies together doesn't solve a capacity issue," Booth said. Ford Retiring Finance Chief Booth Says Loss in Europe Mayit $600 Million |
Thursday, 1 March 2012
Ford Retiring Finance Chief Booth Says Loss in Europe Mayit $600 Million
