Ford trims capacity, still has problems

Wilson, Amy; Wernle, Brad
October 2003
Automotive News;10/6/2003, Vol. 78 Issue 6060, p8
Trade Publication
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.


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