Ford Motor Co.’s second-quarter earnings dropped more than half, even though the company has large profits in America. The decrease is high mainly due to losses in Europe and other parts of the world. The financial results are not a surprise for Ford, but it was for investors, though. Bob Shanks, the Ford’s CFO, however, warned in June that losses could occur especially in Europe and that there was a very high risk that they would have an impact on the Blue Oval’s profit.
The European Union came to deal Thursday night; hopefully one that will prevent a European and a global financial meltdown. This deal offers temporary respite for the currency and the European economy, but how long will this respite last? Once again, we take the time to answer a few of the big questions surrounding the Eurozone Crisis and what this new deal means for industry leaders and the global economy.