Tag Archives: dagenham

Production at Dagenham for Ford vehicles accounts for about 70% of Dagenham’s output, with the balance of more than 270,000 engines for Jaguar Land Rover, Mazda, PSA Peugeot Citroën and Volvo. Ford is in the process of phasing out its successful 12-year joint venture with Peugeot since PSA is now the process of establishing a global alliance with General Motors. All of these companies are hemorrhaging billions of dollars – or euros in Europe as the Eurozone crisis deepens. The British pound is helping Ford somewhat, but losses are projected to quadruple in Europe for the balance of 2012. Ford Europe lost $149 million in Q1, a -$449 million swing compared to 2011. Continue reading →