Ford of EuropePicture from the company
Ford Europe said it reshuffled its leadership Friday on the eve of expected news of a big shakeup in the loss-making organization.
Ford is implementing key leadership and organizational changes to improve the fitness and agility of its European operations as it undergoes a fundamental reset and redesign of its business, the company said in a statement.
Ford needs to undertake vigorous measures to sort out problems in Europe. Ford Europe lost $245 million in the 3rdquarter, compared with a loss of $192 million in the same quarter last year. Ford has said it expects a 2018 loss, after a profit of $234 million in 2017.
In a report this week investment bank Morgan Stanley sa…
Read the full article at: https://www.forbes.com/sites/neilwinton/2018/12/07/ford-europe-shakes-up-leadership-ahead-of-expected-restructuring/