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The latest development in this ongoing saga that is the European economic crunch is word that Ford will shutter production of its Genk Assembly Plant in Belgium, eliminating some 4,300 positions. Ford could potentially reduce costs by $300 to $500 million annually as a resulting of closing the production facility. The Genk plant currently produces the Mondeo, S-MAX and Galaxy vehicles. Assembly of these vehicles would cease at the plant by the end of 2014.

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2010 Ford Galaxy and S-Max -- Click above for high-res image gallery

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A Ford spokesperson has told auto industry trade paper Just-Auto that the U.S. automaker is "eyeing Ford Europe products" but that no decisions have been made to import any of those models to the U.S. market. Motor Authority, which has a subscription to the trade news site, states the article particularly mentions the Mondeo, Focus, S-Max and Galaxy as possible imports for Ford's North American division. Many of us have waited for news like this a long time, and if Ford's turnaround is truly pro

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While most of us in North America were asleep, a European outlet by the name of Coche Actual published what appears to be an official shot of the Ford Mondeo concept that will be seen at the Paris Motor Show next week. The concept is in wagon form, but we're likely to see the production version of both the sedan and wagon at next year's Geneva Motor Show. Built on the same platform as the new S-Max and Galaxy, the Mondeo is expected to be a class leader in the handling department and will share

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