Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Overseas Troubles Heighten for Ford, Toyota

Automotive companies Ford Motor Company (NYSE:F) and Toyota Motor Corporation (NYSE:TM) are pulling workers and halting production on cars overseas. Ford is exploring the idea of layoffs and buyouts in troubled Europe, while Toyota is temporarily ending production in China throughout the next month or so.

Ford Motor Company (NYSE:F)

The Detroit News is reporting that one of Ford’s most “problematic regions” will lose hundreds of salaried workers as money continues to be an issue in beleaguered Europe. Although Ford’s sales are expected to be up about 4 percent year-over-year through September (according to Goldman Sachs), the company’s struggle overseas has not improved much as of late.

“So far this year, Ford sales are down 752,600 units, a decrease of 12 percent compared to the same period last year in Europe’s traditional 19 markets,” The Detroit News reported on Tuesday afternoon.

The automaker has experienced its fair share of turbulence in Europe lately, as the debt crisis continues to impact consumer spending.

Although the company has certainly had a rough go of it internationally, Ford recently stated that it will break ground overseas in China with its Lincoln line of luxury motor vehicles in 2014 – a move that Toyota surely won’t be following anytime soon.

Heightened anti-Japan emotions in China have deterred vehicle demand, leaving Japanese automakers Toyota and Nissan no choice but to close down production throughout October. Tensions have been running high between the two countries due to a dispute over islands in East China Sea.

Meanwhile, it appears that Toyota has nothing to worry about stateside as the company works to improve fuel efficiency and develop next-generation environmental technology, according to Citi.

While the automotive industry remains in a state of flux internationally, many of the main vehicle distributors can expect to see increased sales in the U.S., despite Ford, General Motors Company (NYSE:GM) and Toyota recalls this summer and potential Canadian union worker’s strikes threatening consumer confidence.

Ford was down about 0.69 percent in pre-market trading on Wednesday morning at $10.02. Toyota, down 1.15 percent over the past five days, closed on Tuesday at $80.48.

This article was originally written by Katey Stapleton, and posted on Benzinga.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.