Ford may exit some markets in South America, says JPMorgan

Southfield, Michigan

FORD Motor Co is on the verge of taking dramatic action to turn around its money-losing business in South America, including possibly exiting some markets in the region, a JPMorgan analyst said after meeting two of the company's top executives.

"Ford seems to be working on an out-of-the-box transformational plan to staunch what it deems as unacceptable losses in South America, which we suspect could be announced over the short-term," motor analyst Ryan Brinkman wrote in a note to investors on Tuesday.