Ford of Europe Sets Blueprint for North America

MOSCOW – Ford Motor Co. is on the right course to righting its foundering North American operations, as it follows a similar pattern its European division took several years ago, a top executive says.

During a wide-ranging interview with journalists here, Ford of Europe President and CEO John Fleming recalls the early part of the decade when his division was awash in red ink.

“Ford of Europe was losing money quite regularly,” he says. “In fact, in 2002 to 2003, we were ...