CORRECTED - Ford Europe upholds higher profit forecast-report

Newswire

(In Saturday story, please corrected source in second paragraph to Auto Motor Sport) FRANKFURT, Aug 25 (Reuters) - Ford Motor Co.'s European division is sticking to forecasts of higher 2007 profits although it is worried about Japanese competition due to the weak yen, Chief Executive Lewis Booth was quoted on Saturday as saying. "We want to be more profitable than last year," Booth said, according to a summary of an article due to appear in Germany's Auto Motor Sport magazine on Aug. 27. ...

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