Ford Europe CEO expects some recovery this yearMarch 5, 2013 - 13:42 AMT PanARMENIAN.Net - Ford Europe CEO Stephen Odell says the uncertain Italian election results "possibly didn't help" the European car market but he still expects some recovery this year, The Associated Press reported. Europe's recession has caused auto deliveries to plunge from 18 million in 2007 in Ford's key 19 markets to around 13 million expected this year. Odell said Tuesday, March 5, at the Geneva Motor Show that Ford sees signs of recovery in recent surveys of purchasing managers and supplier order books. Odell says Ford Europe was sticking to its target to break even in 2015. Ford will have a lineup with 40 percent new products this year, and it will cut production capacity by a steep 18 percent, or 355,000 units, by the end of 2014. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. |