Ford Motor Company (F)

[joe_techi]

Ford Motor Co. said Friday it expects the decision will have an “adverse impact” on its operations long-term as analysts expect negative impact on car sales and production.

Ford, in a statement Friday, said keeping a stable trading environment is important for the automaker going forward.

“Ford’s priority has always been the need to maintain a stable trading environment so that we can continue building a strong and sustainably profitable business in the UK and Europe, and thereby provide a more secure future for our nearly 14,000 direct employees in the UK,” the Dearborn automaker said. “We will continue working toward this goal with key stakeholders in the UK and across the other Member States and EU institutions to ensure they understand our concerns which mirror those of the majority of the UK and European auto industry. While Ford will take whatever action is needed to ensure that our European business remains competitive and keeps to the path toward sustainable profitability, we have made no changes to our current investment plans and will not do so unless there is clear evidence that action is needed.”

Ford said it plans to offer revised guidance on its European business during its second-quarter earnings on July 28.
http://www.detroitnews.com/story/business/autos/2016/06/24/brexit-autos/86334348/