The auto industry has built too much factory capacity in emerging markets, Ford Motor (F)COO Mark Fields said. It has spent billions to build factories in BRIC nations — Brazil, Russia, India and China — to offset likely moderating U.S. growth and weak demand in Europe. Fields said it's "clearly a case where the eyes have been bigger than the stomach" for carmakers, according to the Financial Times. KPMG said in its '14 annual executive survey that three-fourths of execs fear overcapacity risk is high. Ford rose 1.1% to 15.37.