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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: TH who wrote (17295)12/1/2004 1:00:43 PM
From: TH  Read Replies (1) of 116555
 
Ford Cuts Production as Sales Fall Again

DETROIT (Reuters) - Ford Motor Co. (NYSE:F - news) on Wednesday said it was setting first-quarter North American production below the 2004 quarter's levels as U.S. sales fell again in November.

The second-largest U.S. automaker said its sales fell 7.3 percent, continuing a string of lower sales.

Ford said it would produce 930,000 vehicles in the 2005 first quarter compared with 1.008 million in the same quarter this year.

The automaker's results include its import brands and some medium- and heavy-duty trucks and are not adjusted for the number of selling days.

story.news.yahoo.com

7.3% and the market does not care!~@#$

GT
TH
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