Skip to main content
Advertising

Originally published Tuesday, March 5, 2013 at 1:19 AM

  • Share:
           
  • Comments (0)
  • Print

Ford expects some Europe market recovery in 2013

Ford Europe CEO Stephen Odell says the uncertain Italian election results `'possibly didn't help" the European car market but he still expects some recovery this year.

AP Business Writer

Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

GENEVA —

Ford Europe CEO Stephen Odell says the uncertain Italian election results `'possibly didn't help" the European car market but he still expects some recovery this year.

Europe's recession has caused auto deliveries to plunge from 18 million in 2007 in Ford's key 19 markets to around 13 million expected this year. Odell said Tuesday at the Geneva Motor Show that Ford sees signs of recovery in recent surveys of purchasing managers and supplier order books.

Odell says Ford Europe was sticking to its target to break even in 2015. Ford will have a lineup with 40 percent new products this year, and it will cut production capacity by a steep 18 percent, or 355,000 units, by the end of 2014.

`'We are in for a slow recovery curve," Odell said.

News where, when and how you want it

Email Icon

The Seattle Times photographs

Seattle space needle and mountains

Purchase The Seattle Times images


Advertising