Ford to close Philippines assembly plant

Newswire

June 27 (Reuters) - Ford Motor Co said on Wednesday it will close its assembly plant in the Philippines later this year as part of a restructuring in the region. The decision to close the plant in Santa Rosa when production of the Escape sport utility vehicle ends was made as part of Ford's effort to cut costs, the company said. The Philippines market will be served by imports from other plants around the world, mostly from Thailand. "The company studied every possible scenario and ...

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