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FORD MOTOR COMPANY (F)
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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 EST
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 2018 147 B
EBIT 2018 5 723 M
Net income 2018 5 071 M
Finance 2018 9 543 M
Yield 2018 8,49%
P/E ratio 2018 6,51
P/E ratio 2019 6,43
EV / Sales 2018 0,16x
EV / Sales 2019 0,16x
Capitalization 32 977 M
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Mean consensus HOLD
Number of Analysts 22
Average target price 10,1 $
Spread / Average Target 22%
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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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