US carmaker Ford has said it will do whatever is necessary to protect profits after blaming the fall in the pound for about two-thirds of a $971m profits reduction in its European operations in 2017. Ford's warning is seen as a threat to reduce its operations in the UK. The company’s annual report said economic confidence in the UK had diminished since the referendum. Ford's alarming comments have been published in its UK annual report, which was filed at Companies House last week. A spokesman said: “While we are not commenting on specific cases, our view remains that there should be no change to EU rules governing trade with countries outside the EU.
US carmaker Ford has said it will do whatever is necessary to protect profits after blaming the fall in the pound for about two-thirds of a $971m profits reduction in its European operations in 2017. Ford's warning is seen as a threat to reduce its operations in the UK. The company’s annual report said economic confidence in the UK had diminished since the referendum. A spokesman said: “While we are not commenting on specific cases, our view remains that there should be no change to EU rules governing trade with countries outside the EU.