Ford Europe chief operating officer Martin Leach said at the Paris motor show today that the unit planned to post a significant profit improvement for this year and next year and had in fact slightly raised its profit target, Reuters reported.
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Leach also told Reuters he expected the Ford brand to boost its market share in Europe to nine percent at about the end of this year from 8.8% now.
Leach told Reuters that no further job cuts were needed to achieve 100% capacity utilisation, up from 93% currently.
Since the beginning of 1999, Ford has cut its European workforce to just under 60,000 staff from 97,000, Reuters said, adding that Ford Europe had achieved net cost reductions of $1.2 billion since the beginning of 2000.
“We’ve put our fixed cost structure at the right level,” Leach told Reuters.
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