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I've read speculation about this before. The annual savings are significant. However, there will be a substantial one-time charge on closure. I wonder how well the market will take that $1.1B charge. Cost restructuring is necessary, though.

In a recent research note, New York-based UBS analyst Colin Langan predicted that Ford would move to close a major plant in Europe, where its factories are running at 52 percent of maximum output on average this year, with Genk the likely candidate.

Closing the Genk factory would cost an estimated $1.1 billion and generate annual savings of $730 million, Langan added.

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