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.
Chief financial officer Gerhard Klein said the company foresees a German market share of 8-9% in Germany this year, but that in two to three years’ time Ford-Werke hopes to boost that figure beyond 10%. Recent and planned product renewal is expected to help Ford to increase share in Europe generally over the next few years.
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