"We have to develop a better plan in response to what's going to be a much less favorable external environment," Ford CFO Bob Shanks told Reuters. "How do we tack to respond to new realities? That's what we're in the process of doing."
"Clearly in Europe, if you go back and look a year ago we didn't envisage the type of environment that it looks like we're going to be living in for a while," Shanks said.
Ford will continue to monitor the situation in Europe for the remainder of the year and tweak its five-year plan as necessary.
