Ford Motor Co. says its third-quarter production will fall 4% below like-2003 levels, following the second-straight month of sales declines vs. year-ago. The lower production will help reduce inventory, which consists mostly of ’04 models projected to be more costly to market this summer than incoming ’05 models, Ford Sales Analysis Manager George Pipas says. Lincoln Navigator sales struggled again in May. Ford’s current inventory of 932,000 vehicles is down 21,000 units from the ...

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