*Ford to move Southampton production to Turkey. LONDON/ DETROIT, Oct 25- Ford motor Co unleashed a second volley of European job cuts and plant closures on Thursday in a bid to halt regional losses that the automaker now expects to surpass $3 billion over two years.
LONDON-- Ford pressed ahead Thursday with its plan to slash production in Europe, announcing another plant closure and 1,500 more job cuts, as it warned that annual losses in the region will exceed $1.5 billion this year and next.
LONDON-- Carmaker Ford announced Thursday it will cut 1,500 jobs in Britain, closing a plant and eliminating a stamping and tooling facility, as it warned that losses in Europe will exceed $1.5 billion this year. Ford Motor Co., which on Wednesday announced the closure of another plant in Brussels, is struggling in Europe, as are many major carmakers.
Stock sell-offs can make for attractive buying opportunities, but Cramer said not all stocks are worth buying on a pullback.
After Ford missed annual revenue estimates by a nickel, CEO Alan Mulally on Friday sounded confident that the company was well on the road to stronger profitability by mid-decade.
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Ford Motor Company had a strong second quarter, beating the Street by a nickel with a profit of $2.9 billion, and revenue of $35.5 billion. Driving the better-than-expected results were sales in North America and being "profitable in all of our operations around the world," Ford's Chief Executive Alan Mulally told CNBC Tuesday.
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