Thursday, 22 May 2008 09:28

Ford Motor will Break-Even, Large Truck and SUV Production will be Cut

Ford Motor said it no longer believes that it will be profitable in 2009 and will instead post break-even results for the year. The news is a blow to the auto maker, which had vowed to be profitable in 2009 based on its continued-cost cutting practices in North America and increased international sales. Ford plans to cut 2008 production of large trucks and SUVs, citing customer shifts to more fuel-efficient cars and crossover SUVs.

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