Ford Europe says can't pass on higher steel costs

Newswire

LONDON, Sept 23 (Reuters) - The head of Ford Motor Co's European operations sees no opportunities to pass on the cost of higher steel prices to consumers and the carmaker will have to offset them with cost cuts. "The pressure on some commodities, particularly steel, is of concern to us both in terms of price and in one or two areas, availability," Lewis Booth, president and chief executive of Ford Europe, told CNBC television at the Paris auto show on Thursday. "Obviously we'll work to ...

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