Okay, in the conference call, as transcribed by Seeking Alpha, "Europe incurred a loss of $732 million" in Q4 for a full year loss of $1.75 billion. A full year 2013 European loss was guided to be $2 billion. While F did not want to "go into calendarization," one would expect quarterly losses to be subsiding during the first 1-2 quarters of this year vs 2012 Q4. With North America remaining extremely strong, I would think a Q1 loss in Europe going forward below $500-600 million would be seen as favorable from an analyst standpoint, especially if under $500 million by Q2. Comments?
Spinning wheels with no traction until you see a significant recovery begin across Europe. Stupid card will get played every earnings until then. JMO, 600 million isn't a favorable loss. 400 to 500 with revised guidance on improving market conditions would be something to moderate or keep the bears at bay.