Ford CEO sees 2005 profits in Europe, PAG - paper

Newswire

FRANKFURT, Nov 29 (Reuters) - Ford will make a profit in 2005 from its European operation and at its Premier Automotive Group (PAG) stable of luxury brands, Chairman and Chief Executive Bill Ford told Automotive News Europe. He answered "yes" when asked in an interview published on Monday if Ford of Europe and PAG as a whole would make money next year. Ford has said in the past it expected to narrow its pretax losses in Europe to some $100-200 million this year from $1.1 billion in 2003. ...

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