Ford Cuts Production as Sales Fall Again
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Ford Motor Co.  on Wednesday said it was setting first-quarter North American production below the 2004 quarter's levels as U.S. sales fell again in November.
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Ford Motor Co.  on Tuesday reported an overall 14 percent sales decline in August, hurt by a decline in showroom sales, but set a higher production target for the fourth quarter.
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Ford Motor Co. (FN) posted its fourth consecutive month of weaker US sales with a 7 percent drop in September results on Friday, and the automaker doubled its incentives on some models to kick-start sales this month.
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Another disappointing sales month at General Motors Corp. and Ford Motor Co. led the nation&#39;s two largest automakers to cut planned vehicle production in the fourth quarter, which could hurt profits.
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Ford Motor Co  on Thursday posted  a 9 percent decline in U.S. sales for December.
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General Motors Corp. and Ford Motor Co. reported disappointing US sales Wednesday, prompting the nation&#39;s two largest automakers to cut planned vehicle production in the fourth quarter, which could hurt profits.
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Ford Motor Co. (FN: Quote, Profile, Research) posted its fourth consecutive month of weaker US sales with a 7 percent drop in September results on Friday, and the automaker
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Ford Motor Co.  on Tuesday said  U.S. sales fell 8.1 percent in June, as a big decline in car  sales more than offset a slight rise in truck sales.
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Ford Motor Co. (FN: Quote, Profile, Research) on Friday said its US sales fell in September despite aggressive month-end incentives.
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Business News, DETROIT, General Motors Corp. and Ford Motor Co. said on Wednesday they would cut production more than expected after weak US sales in November, a move that analysts said could hurt profits.
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General Motors Corp. and Ford Motor Co. have reported disappointing US sales, prompting the two largest US automakers to cut planned vehicle production in the fourth quarter, which could hurt profits.
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Ford Motor Co.  on Friday said  U.S. vehicle sales fell 11.6 percent in August, hurt by a  decline in truck sales and stronger numbers last year, when  deep discounts lured buyers into showrooms.
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Jaguar said yesterday it would cut production by about 15,000 cars, or 11%, for the rest of the year in response to weak sales in its key market of the US.
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The Ford-owned carmaker is to cut production at its three UK plants by 11% because of poor sales in the US.
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Struggling US carmakers Ford and General Motors both see another sharp drop in monthly US sales.
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Ford plans to cut one of the two Explorer production shifts at its St. Louis plant in January as sales of the SUV, also made in Louisville, wane.
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Ford Motor Co.  on Tuesday said earnings will fall this year due to a drop in profit from its finance unit, which it expects to be hit by rising interest rates.