Brexit Batters Ford Europe as Tumult Sidelines U.K. Car Buyers
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Ford Motor Co. has Brexit to blame for the one surprise infringing on an otherwise better-than-expected quarter.
The carmaker swung to an $86 million loss in Europe during the three months ended in September, trailing some analysts’ estimates for a small profit. British buyers are pulling back in Ford’s most profitable market in the region amid stalled negotiations to separate the U.K. from the European Union.