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Ford to retool US plants for European cars - WSJ (at Reuters)

Jul 19, 2008
Story Timeline:  80 days

CHICAGO, July 19 (Reuters) - U.S. car maker Ford Motor Co (F.N: ) is drawing up plans to retool American plants to make small, fuel-efficient passenger cars that it mainly makes and sells in Europe, the Wall Street Journal reported on Saturday. The paper said Ford has looked at bringing over European models, including the mid-size Mondeo, in response to high fuel costs that have hit sales of larger, fuel-hungry trucks and sport utility vehicles. Citing people familiar with the matter, the WSJ said portions of this move could be announced on Thursday when the Dearborn, Michigan-based company reports second-quarter results. In June, Ford announced it would slash output this year by eliminating shifts, slowing assembly lines and idling truck plants. The car maker said further details on its revised restructuring plan would be... [read full story]                    

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Latest article on this story:

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First article on this story:

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