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Ford Warns Of Intense Price Pressure In Europe - Report

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05/07/2012 | 03:12am CEST

Ford Motor Co.'s (>> Ford Motor Company) top executive in Germany, Bernhard Mattes, warns that competition will heat up in Europe and could lead to ruinous price wars, German daily Financial Times Deutschland reported Monday. He pointed to overcapacity among the major carmakers, the newspaper said.

Meanwhile, General Motors Co. (GM) is said to be planning to halt production of its Opel Astra model in its Ruesselheim, Germany, factory, German daily Frankfurter Allgemeine Zeitung reported Monday, citing union sources. The model's next generation is slated for production in GM factories in the U.K. and in Poland, the newspaper said.

Newspaper Web site: http://www.faz.de; www.ftd.de

-Dow Jones Newswires; [email protected]

Stocks mentioned in the article : Ford Motor Company
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Financials ($)
Sales 2017 142 483 M
EBIT 2017 5 759 M
Net income 2017 6 219 M
Finance 2017 12 624 M
Yield 2017 6,42%
P/E ratio 2017 7,04
P/E ratio 2018 6,69
EV / Sales 2017 0,22x
EV / Sales 2018 0,33x
Capitalization 43 961 M
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Mean consensus HOLD
Number of Analysts 25
Average target price 12,8 $
Spread / Average Target 16%
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NameTitle
James P. Hackett President, Chief Executive Officer & Director
William Clay Ford Executive Chairman
Robert L. Shanks Chief Financial Officer & Executive Vice President
Raj Nair Chief Technical Officer & EVP-Product Development
John Lawson Thornton Independent Director
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