Thursday, July 4, 2013

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 (NYSE: F  ) 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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