Ford To Cut Production
August 18, 2006
According to the Associated Press, Ford announced today plans to cut production in the fourth quarter of 2006. Whether this will impact installation of Sirius Satellite Radi's is unknown. Ford can ear warrants based on installs, so it may mean that their install plans will remian on track.
Article Excerpt:
APFord Announces 2006 Production CutFriday August 18, 11:13 am ET
By Sarah Karush, Associated Press Writer
Ford Announces Sharp Cuts in 2006 Production
DETROIT (AP) -- Ford Motor Co. on Friday announced sharp cuts in its North American production that would force it to partially shut down plants in the United States and Canada in the fourth quarter.
The company said fourth-quarter production would be down 21 percent, or 168,000 units, from last year. Third-quarter production will be 20,000 units below what was previously announced.
For the full year, Ford plans to produce about 9 percent fewer vehicles than last year.
"We know this decision will have a dramatic impact on our employees, as well as our suppliers," Chairman and Chief Executive Bill Ford said in a note to employees. "This is, however, the right call for our customers, our dealers and our long-term future."........
Interested SSG readers can catch the whole story
HERE8/18/2006 01:26:00 PM
SSG Has Merged. You Can Read All Of The Latest SSG Content By Clicking Here
0 Comments:
SSG is not a Financial Advisor. Read Disclosure: HERE
--------------------------------------------------------
