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.
Blake Bos has no positions in the stocks mentioned above. Isaac Pino has no positions in the stocks mentioned above. The Motley Fool owns shares of Ford. Motley Fool newsletter services recommend Ford. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.