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Ford deepens European cuts, sees $3 billion in losses


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Genk's supporters stand near a banner reading ''Ford = Bad Management'' before Genk's Europa League soccer match against Sporting Lisbon at the Cristal Arena stadium in Genk October 25, 2012. Ford Motor Co announced to unions on Wednesday that it will close the factory employing 4,300 workers in the Belgian town of Genk, as it tries to stem losses in Europe and match capacity to tumbling demand. REUTERS/Francois Lenoir