Ford Motor Company has announced plans to introduce more models into Europe, including the iconic Mustang. The timing seems strange -- Ford is expected to lose more than a billion dollars in Europe this year.
Six years ago, Ford lost billions when SUV sales stalled. It borrowed billions, and put up factories and its famous trademark as collateral. After a major restructuring, the automaker has earned an investment-grade rating from Moody's.
Auto sales for the month of March are trickling out this month and so far the numbers look pretty good. Chrysler said it had its best month in four years with sales up 34 percent. Ford also had its best month in years with sales up 5 percent.