Will Ford Have to Cut Deeper in Europe?

After huge losses last year, Ford (NYSE: F  ) announced a sweeping plan to overhaul its troubled European operation -- just as rival General Motors (NYSE: GM  ) undertook a massive European overhaul of its own.

Both automakers have committed to factory closings and other deep cuts hoping to return to profitability in a few years. But this past week, a key European auto-industry expert said that the cuts made by automakers so far won't be enough. In this video, Fool contributor John Rosevear looks at the dire state of the auto industry in Europe -- and the drastic steps that may be needed to get it back on its feet.

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  • Report this Comment On May 13, 2013, at 4:53 PM, mistacy wrote:

    The European situation would be easy if it were only about taking political heat. The real headaches are workers unions. That is why F is tied up & cannot take as drastic measures as they should (& probably want) to stop the bleeding entirely. I think they know what they can do & are executing properly. The European economic mess is not going away, & is expanding in some ways. But as we are witnessing, F has taken a hold of their end, & slowly coming to an acceptable outcome (short term less loss, mid term break even, long term make some profit).

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