Amadeusz Juskowiak

Ford f europe earnings up 71 pct last year

Ford Europes net earnings soared by 71 per cent last year to 559 mln dlrs Kenneth Whipple chairman of Ford Europe said

Whipple here to attend the Geneva Auto Show which opens on Thursday said that the Ford Motor Co unit had sold a record 15 million vehicles in Europe in 1986

Net earnings were 326 mln dlrs in 1985

Sales in 1986 represented 118 per cent of the European market share Whipple said Ford will invest 12 billion dollars in Europe in 1987 and a total of seven billion over the next seven years he added

Reuter