DETROIT, July 22 (Reuters) - Ford Motor Co. , whose North American automotive operations lost $1.21 billion in the second quarter, said on Friday it is not ruling out deeper job cuts in its salaried work force to help return to sustained profits. The No. 2 automaker, which has already announced plans to cut its North American white-collar work force by 8 percent this year, has seen profit margins squeezed by intense competition in the U.S. vehicle market and soaring costs of everything ...
Premium Content (PAID Subscription Required)
"Ford weighing deeper job cuts in North America" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.