DETROIT – The auto industry is changing and more plant closings cannot be ruled out, a top Ford Motor Co. executive says. The challenges facing auto makers today are “much more difficult” than in 2002, when Ford Motor Co. introduced a major revitalization plan, says Greg C. Smith, executive vice president and president-The Americas. The external environment continues to be marked by overcapacity, which Smith does not see going away, as well as a fragile supply chain that has suffered ...
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