Ford Motor Co. announces plans to cut fourth-quarter production by 21% vs. year-ago, or 168,000 units, in an effort to accelerate its Way Forward North American restructuring strategy. The production cuts are an attempt to compensate for the drop in demand for SUVs and fullsize pickups, a spokesman tells Ward’s. “The market shifted pretty dramatically in April when gas prices rose. “The fullsize truck segment in particular was hit hard,” he says. “We started to see some softening in ...
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