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Earlier this month, Ford announced plans to bring 15 new or restyled vehicles to Europe over the next five years to revive sales. Among the new offerings will be the Mustang sports car, EcoSport small SUV and Edge mid-size SUV. Shanks said Ford's lineup in Europe isn't as profitable as it could be right now because it's heavily tilted toward smaller, less profitable cars. Shanks also warned analysts that the restructuring will take time. "The recovery of Europe will not be a two-quarter phenomenon," he said. Ford shares fell 2 percent, or 23 cents, to close at $10.09.
[Associated
Press;
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