In this video, Fool.com analyst Blake Bos sheds some light on Ford's recent events, including the closure of several European plants. Ford's (NYSE:F) new wagon is "anything but a minivan," but it will be big competition for Toyota (NYSE: TM ) as they try to sell a minivan themselves.
Ford is looking to gain market share, with 3% of sales being minivans. Currently, Ford's problems reside in Europe, and are deep and structural. Ford announced drastic steps to address structural issues. Among them: Three factories closed, costing 6,200 workers their jobs. To find out more information on Ford's messy European tour, visit us at Fool.com.