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Ford cuts North American production, cuts profit goal

baltimoresun.com
May 22, 2008
        
Story Timeline:  198 days

By Dee-Ann Durbin | The Associated Press no longer expects to return to profitability by 2009 and is cutting North American production of pickups and SUVs for the rest of this year as high gas prices and the weak economy hurt sales, the company announced today. The Dearborn-based automaker also... [read full story]                    

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Ford cuts North American production, lowers profit goal

 semissourian.com May 23, 2008
First article on this story:

Ford makes further cuts to truck production, plans smaller pickup as gas prices dent sales

 theautochannel.com May 21, 2008
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Ford cuts North American production, lowers profit goal

semissourian.com
May 23, 2008
        

By DEE-ANN DURBIN The Associated Press Unsold 2008 Super Duty pickup trucks sat at a Ford dealership May 11 in the south Denver suburb of Littleton, Colo. On Thursday, Ford Motor Co. said it is cutting North American production of pickups and sport utility vehicles as car buyers eyeing record gas...

                   

Ford cuts N. American production, profit goal

salemnews.com
May 23, 2008
        

DETROIT and mdash; Fast-rising gas prices claimed their latest victim Thursday: Ford Motor Co., which dropped its goal of becoming profitable by 2009 and said it will cut production of trucks and sport utility vehicles through the rest of this year. It was a warning shot to the rest of the...

Ford shares drop more after profit, output warning (Reuters)

yahoo.com
May 23, 2008
        

DETROIT (Reuters) - News ) extended their decline on Friday following news that the No. 2 U.S. automaker was slashing truck production and giving up on its goal of returning to profitability by 2009. On Thursday, Ford surprised investors by saying it no longer expects to turn a profit in 2009 and...

earthtimes.org: DETROIT (Reuters) - Shares of Ford Motor Co extended their decline on Friday following news that the No. 2 U.S. automaker was slashing truck production and giving up on its goal of returning to profitability by 2009. earthtimes.org

Ford shares drop more after profit, output warning

earthtimes.org
May 23, 2008
        

DETROIT (Reuters) - Shares of Ford Motor Co extended their decline on Friday following news that the No. 2 U.S. automaker was slashing truck production and giving up on its goal of returning to profitability by 2009. ... On Thursday, Ford surprised investors by saying it...

Gas prices, truck sales put brakes on Ford rally

signonsandiego.com
May 23, 2008
        

DETROIT – The budding turnaround at Ford Motor Co. has stalled amid rising gas prices and falling truck sales. Less than a month after reporting a surprising first-quarter profit, Ford said yesterday that it would drastically scale back production and step up cost-cutting in response to a sharp...

2009 Ford Escape

watchmojo.com
May 23, 2008
        

Tweaks to the compact SUV include engines and transmissions to improve fuel use and performance ANN ARBOR, MICH.–Well, I can honestly say I’ve been to Hell and back – the village in Michigan, that is. In fact, I drove through it three times, smack dab in the middle of the test route for the 2009...

                   

Ford cuts N. American production, profit goal

eagletribune.com
May 23, 2008
        

DETROIT and mdash; Fast-rising gas prices claimed their latest victim Thursday: Ford Motor Co., which dropped its goal of becoming profitable by 2009 and said it will cut production of trucks and sport utility vehicles through the rest of this year. It was a warning shot to the rest of the...

                   
cnn.com: ford_gas.ap.03.jpg cnn.com

Ford's trouble: $4 gas

cnn.com
May 23, 2008
        

Gas prices are causing consumers to shun pickups and SUVs, leading to losses at the car maker's North American auto unit. Ford Motor Co. executives say they believe that $4 gas is here to stay, resulting in a fundamental consumer shift away from gas-guzzling SUVs and pickups and causing continued...

                   

FORD adjusts production to lower industry volume and shift in customer preferences; profit...

webwire.com
May 23, 2008
        

the hot-selling Ford Focus, Fusion, Edge and Escape, Mercury Milan and Mariner, as well as the Lincoln MKZ and Lincoln MKX. Given the external challenges, Ford said it is more critical than ever to continue executing its transformation plan, which includes: * Aggressively restructuring to operate...

                   

Ford Unlikely To Accelerate To Profitability

minyanville.com
May 23, 2008
        

Despite its graybeard status in the domestic auto industry Ford (F) has been hurting for some time now. Stiff competition from overseas automakers and rising fuel prices are two of the primary reasons. The increasingly difficult lending environment and the prospect of higher interest rates also...

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