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FORD MOTOR COMPANY

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Ford Motor : German economy ministry in talks with Ford about planned job cuts

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01/11/2019 | 06:05am EDT
FILE PHOTO: A Ford Fiesta ST-Line car is seen during the 87th International Motor Show in Geneva, Switzerland

BERLIN (Reuters) - The German Economy Ministry is in talks with carmaker Ford over its planned job cuts in Europe, a spokeswoman said on Friday.

Ford said on Thursday it would cut thousands of jobs, look at plant closures and discontinue loss-making vehicle lines as part of a turnaround effort aimed at achieving a 6 percent operating margin in Europe.

(Reporting by Michelle Martin; Editing by Thomas Seythal)

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Financials ($)
Sales 2019 145 B
EBIT 2019 7 734 M
Net income 2019 4 095 M
Finance 2019 9 018 M
Yield 2019 6,13%
P/E ratio 2019 9,20
P/E ratio 2020 7,14
EV / Sales 2019 0,21x
EV / Sales 2020 0,20x
Capitalization 39 257 M
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Mean consensus HOLD
Number of Analysts 21
Average target price 10,6 $
Spread / Average Target 7,8%
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Managers
NameTitle
James P. Hackett President, Chief Executive Officer & Director
William Clay Ford Executive Chairman
Joseph R. Hinrichs Executive VP & President-Global Operation
Robert L. Shanks Chief Financial Officer & Executive Vice President
Jeff Lemmer Vice President & COO-Information Technology
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