The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: orkrious who wrote (60163)	8/18/2006 10:20:10 AM
From: Dan3	of 306849

Well, at least the out of work homebuilders will have someone to play cards with: Ford to Cut Fourth-Quarter Production by 21% By REUTERS Published: August 18, 2006 DETROIT (Reuters) - Ford Motor Co. (NYSE:F) Friday said it would cut fourth-quarter production by 21 percent and also reduce third-quarter production to accelerate its turnaround plan. The automaker said it would cut North American production in the fourth quarter by 168,000 units and reduce third-quarter production by 20,000 vehicles. "We know this decision will have a dramatic impact on our employees, as well as our suppliers," Chief Executive Bill Ford told employees, but said it was the "right call." He said full details of the acclerated plan would be announced in September. nytimes.com

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