Ford Europe upholds higher profit forecast-report


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 Automobilwoche magazine on Aug. 27. Japanese carmakers were exploiting their currency's weakness against the euro and this ...

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