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Ford Expects Continued Growth, Profits in Europe

Europe boss Farley lays out plans for future.

by on Feb.03, 2016

Ford of Europe President Jim Farley said the company expects the division to be profitable again in 2016.

Once is not enough when it comes to Ford being profitable in Europe and the company is taking steps, including projected job cuts.

Executive Vice President Jim Farley, formerly the automaker’s marketing guru, told the media yesterday that the automaker’s profit in 2015 will be repeated again this year and beyond.

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“Our plan’s about creating a vibrant and sustainable business,” said Farley, head of Ford’s Europe, Middle East and Africa regions, said in an interview. “Making $259 million in Europe last year was nice, but we’re just getting started.” (more…)