UPDATE 5-Ford sees smaller 2012 profit, $1 bln loss in Europe

Newswire

* Ford doubles 2012 forecast for Europe losses to more than $1 bln * Ford lost $1,125 for every vehicle sold in Europe * Net income down 57 pct * Operating profit $0.30 per share vs $0.28 Wall St view By Deepa Seetharaman and Bernie Woodall July 25 (Reuters) - Ford Motor Co forecast a drop in operating profit for 2012 as the automaker expects to lose more than $1 billion in Europe, where the deepening economic crisis is hitting sales. Wednesday's new full-year ...

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