What, No Hurricane Bounce? Ford Idles 5 North American Plants In Wake Of Slumping Car Sales
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Title : What, No Hurricane Bounce? Ford Idles 5 North American Plants In Wake Of Slumping Car Sales
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Title : What, No Hurricane Bounce? Ford Idles 5 North American Plants In Wake Of Slumping Car Sales
link : What, No Hurricane Bounce? Ford Idles 5 North American Plants In Wake Of Slumping Car Sales
news-today.world | As initially reported by the Census Department, motor vehicle sales were up 1.2% in July following a 0.9% gain in June. At the time, I commented, “This is unbelievably bizarre in the face of actual auto sales reports.”
The Census Bureau revised sales estimates much lower in September as noted in Retail Sales Unexpectedly Decline, Huge Negative Revisions in June and July: Reflections on “Bizarre” Sales Reports.
Today we learn Ford to cut production at five North American vehicle plants due to rising inventory and slumping sales.
The Census Bureau revised sales estimates much lower in September as noted in Retail Sales Unexpectedly Decline, Huge Negative Revisions in June and July: Reflections on “Bizarre” Sales Reports.
Today we learn Ford to cut production at five North American vehicle plants due to rising inventory and slumping sales.
Ford Motor Co said on Tuesday it plans to idle five North American vehicle assembly plants for a total of 10 weeks to reduce inventories of slow-selling models.
The plants affected include three assembly plants in the United States and two in Mexico, the company said in a statement.
The vehicle models include the Ford Fusion and Lincoln MKZ midsize sedans, the Ford Focus compact car, the Lincoln Continental and Ford Mustang, Ford Fiesta and the Ford Transit van.
The factories involved employ more than 15,000 people, according to Ford’s website. The company did not say how many of those workers would face temporary layoffs.
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The plants affected include three assembly plants in the United States and two in Mexico, the company said in a statement.
The vehicle models include the Ford Fusion and Lincoln MKZ midsize sedans, the Ford Focus compact car, the Lincoln Continental and Ford Mustang, Ford Fiesta and the Ford Transit van.
The factories involved employ more than 15,000 people, according to Ford’s website. The company did not say how many of those workers would face temporary layoffs.
More
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