Europe seen at low end of Ford's sales forecast: executive
GENEVA (Reuters) - Ford Motor Co. (F.N), which expects a $2 billion loss in Europe this year, expects regional sales will be at the low end of the company's sales forecast during the first half of the year.
For now, the U.S. automaker is maintaining its 2013 European vehicle sales outlook of between 13 million and 14 million, Stephen Odell, the head of Ford's European operations, said during a media roundtable at the Geneva car show.
In January, Ford said it expects to lose $2 billion in Europe in 2013 due to a punishing economic downturn in the region that has curtailed consumer spending and sales.
(Reporting By Deepa Seetharaman; Editing by Alison Birrane)
- U.S.'s Kerry expresses regret to India over diplomat case |
- Target stores' customers hit by major credit card attack
- Mega Millions winners in Georgia, California to split $648 million |
- China confirms near miss with U.S. ship in South China Sea
- Fed cuts bond buying in first step away from historic stimulus |