DEARBORN, Sept 29 (Reuters) - Ford Motor Co expects a 2015 pre-tax loss of about $250 million in Europe, although it still is targeting a return to profitability, executives told investors at a meeting Monday near company headquarters.
Ford said it expects Europe pre-tax operating margins of between 3 percent and 5 percent by 2020.
The automaker said it expects Asia-Pacific industry sales of between 51 million and 53 million vehicles by 2020, rising significantly from an expected 40 million to 42 million in 2015. China alone will account for a projected sales of 29 million to 31 million vehicles in 2020, executives said.
Ford expects a pre-tax operating profit this year in Asia-Pacific of $700 million, and higher next year, with Asia-Pacific margins rising to between 12 percent and 14 percent by 2020. (Reporting by Bernie Woodall; Editing by Chizu Nomiyama)