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09-24-2006, 02:49 AM
Ford Expects To Build Three Million Vehicles In 2008
The Daily Auto Insider
Friday, September 22, 2006
Ford predicted that it will build three million vehicles, and its North American manufacturing plants will be running at 100 percent capacity, by 2008.
By then, under its restructuring plan, Ford expects to close 16 plants within the next six years.
Ford said in a filing with the Securities and Exchange Commission that it planned to build 3 million vehicles without paying overtime while its ââ¬Åmaximum installedââ¬Â capacity would be 3.6 million vehicles, which would include overtime, the story said.
The automaker said capacity in 2008 would be projected at 100 percent ââ¬Åas a result of plant idlings as well as shift eliminations and line speed reductions.ââ¬Â
Ford said last week that it would cut $5 billion in annual costs by the end of 2008 by eliminating 10,000 white-collar workers and offering buyouts to all 75,000 union workers.
The Daily Auto Insider
Friday, September 22, 2006
Ford predicted that it will build three million vehicles, and its North American manufacturing plants will be running at 100 percent capacity, by 2008.
By then, under its restructuring plan, Ford expects to close 16 plants within the next six years.
Ford said in a filing with the Securities and Exchange Commission that it planned to build 3 million vehicles without paying overtime while its ââ¬Åmaximum installedââ¬Â capacity would be 3.6 million vehicles, which would include overtime, the story said.
The automaker said capacity in 2008 would be projected at 100 percent ââ¬Åas a result of plant idlings as well as shift eliminations and line speed reductions.ââ¬Â
Ford said last week that it would cut $5 billion in annual costs by the end of 2008 by eliminating 10,000 white-collar workers and offering buyouts to all 75,000 union workers.
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