“BERLIN (Reuters) – Ford Motor Co may scrap more plants and lay off more workers in Europe as the euro zone debt crisis continues to exacerbate the auto sector’s overcapacity.
The situation in European markets remains “very volatile”, Ford Chief Executive Alan Mulally said at a conference in Berlin on Wednesday, two weeks after the company announced it was cutting 6,200 jobs and production capacity in the region.
“We don’t know whether it (European economy) will stabilize or hit bottom or not because it’s continuing to decrease,” said Mulally.”
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