GERMANY: Ford-Werke AG posts 421 million marks surplus
Ford-Werke AG, the German subsidiary of the Ford company, has reported a return to profitability in 2000, posting a profit of 421 million deutschemarks (191 million dollars). But don't break out the champagne just yet. The positive balance resulted from the sale of Ford Credit Europe and the divestment of its components and parts production to the Visteon company. Company chairman Rolf Zimmermann noted that the company's operations remained in the red, with an operating deficit of 335 million marks for the year.
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