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Ford cuts production in Europe

Source: Guardian Unlimited

Cologne : Germany | 8 months ago

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Ford executives battened down the hatches for a prolonged downturn in demand stretching years ahead by warning of more cutbacks to come. Their comments came as consultants said cumulative cash burn this year could be between €18bn (£16.6bn) and €30bn and revenues could plunge by up to €60bn...

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