TITLE

Ford trims capacity, still has problems

AUTHOR(S)
Wilson, Amy; Wernle, Brad
PUB. DATE
October 2003
SOURCE
Automotive News;10/6/2003, Vol. 78 Issue 6060, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that with the plant closings negotiated in its new UAW contract, Ford Motor Co. will meet its goal of reducing North American production capacity by nearly 1 million units. But it has not solved all its production problems. Still, Ford has made progress on cost cutting with the latest moves. The plant closings, along with other planned plant changes, could save Ford an estimated $1 billion a year, analyst Rod Lache of Deutsche Bank said in a report. Ford last week also moved to cut more production capacity in Europe. INSET: Ford shrinks.
ACCESSION #
11166818

 

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