Ford's SUVs Fuel Growth Overseas
Ford began producing the Explorer in Russia earlier this year. It's now adding more SUVs to its Russian lineup. Photo credit: Ford Motor Co.
Ford has lost a ton of money in Europe recently, and could lose as much as $2 billion more this year. The problem is that recessions have caused new-car sales to take a nosedive, and they're not expected to recover for several years.
Ford's plan for recovery takes that into account, and one of the Blue Oval's strategies includes a slew of new products - including several of its acclaimed SUVs. In this video, Fool.com contributor John Rosevear looks at Ford's latest efforts to boost its SUVs in Europe, starting in an unlikely place - Russia.
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The article Ford's SUVs Fuel Growth Overseas originally appeared on Fool.com.
Fool contributor John Rosevear owns shares of Ford. The Motley Fool recommends Ford. The Motley Fool owns shares of Ford. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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