Ford (F) said today that it now expects to rack up losses totaling about $600 million this year, according to the Wall Street Journal. That’s actually a decrease from its $747 million loss in 2011.
Ford still projects that its overall profit in 2012 will be about the same as 2011.
Automakers have struggled in Europe for more than a year because of the struggling economy there and because of intense competition that has helped drive down prices of vehicles.
