Ford (F) CEO Mulally Plans to Ease European Production; Sees New China Growth Rate as More Sustainable

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Ford Motor (NYSE: F) shares are ticking higher Thursday morning following positive comments from its CEO Alan Mulally during a Bloomberg interview.

Mulally said the automaker plans to bring 15 models to Europe in the next five years. The company is also easing production in the region to meet demand. Europe is facing a "significant recession," Mulally noted, but Ford remains committed to the European market.

Looking at the macro picture, Mulally sees the U.S. economy "gradually recovering" and the new growth rate in China being more sustainable than the rapid rise previously seen.

Shares of Ford are up 0.8 percent in early trading.

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