Auto Makers Recovering in Europe?

May 12th, 2011 | CNBC-TV

“Last year we reported full year profits of just below $200 million, not many car manufacturers based in Europe actually report just pure European profits, so it’s tough to get a comparator, but we were one the of few to report a profit in Europe which is obviously a good sign for the strength of our business,” Stephen Odell, CEO of Ford Europe told CNBC Thursday. He added that fuel economy was a key factor in consumer choice and many are choosing to downsize their vehicles without compromising on extras.

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