Ford has a plan.
From www.fool.com:
How Ford's business units performed in the second quarter
Here's a look at how each of Ford's business segments performed. Note that all financial results in this section are reported on an EBIT basis, except as noted.
North America: Ford earned $1.8 billion in North America in the second quarter, down from $2.4 billion a year ago. The drop was explained by the disruption in truck production and some nonrecurring charges related to warranty costs, which offset good incremental gains in pricing and product mix. Increased commodity prices had an impact of about $200 million as well.
Ford's EBIT margin in North America was 7.4%, down from 9.5% a year ago. But note that Ford's underlying business remains quite profitable: CFO Bob Shanks said that minus the effects of the fire and the one-time items, Ford's EBIT margin would have been 9.9%.
South America: F
ord lost $178 million in South America in the second quarter, roughly equal to its loss a year ago. While wholesale shipments increased by about 3.2%, and pricing improved significantly, those good gains were offset by higher commodity costs and unfavorable exchange-rate moves.
Europe: Ford lost $73 million in Europe in the second quarter, a big swing from an $88 million profit in the second quarter of last year. Wholesale shipments fell about 2.1%; Ford more than offset that with pricing gains driven may new models, but higher costs and unfavorable exchange-rate movements hurt.
Middle East and Africa: F
ord earned $49 million in this region, a nice improvement over the $53 million loss it posted a year ago. Simply put, sales were good: A 12% increase in wholesale shipments drove a 35% improvement in revenue.
Yay! To Africa!!!
Asia-Pacific: Ford lost $394 million in its Asia-Pacific region in the second quarter, a dramatic drop from a $167 million profit a year ago.
The cause: A big drop in sales in China, as buyers have turned away from Ford's increasingly stale lineup. Equity income from Ford's joint ventures with Chinese automakers fell to just $3 million from $195 million a year ago.