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JUL 11, 2013 - Yahoo! News

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Ford says auto industry needs more Europe output cuts

DEARBORN, Michigan (Reuters) - Ford Motor Co's European chief Stephen Odell on Thursday said that the industry production cuts of 1.5 million to 2 million vehicles in Europe that have occurred or are announced still leave output well above demand. Ford estimates that Europe's auto industry after those cuts are realized will still be making at least 4 million vehicles a year more than market demand. Odell told reporters at company headquarters that Ford is maintaining its sales forecast of 13.5 million vehicles in 19 Western Europe nations. Ford's sales in those 19 markets for ... Read More

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