Ford on the Ropes
Canadian Auto Workers president Buzz Hargrove is worried about the future of a Ford Motor Co. engine plant in Windsor, Ont., and a car assembly plant in St. Thomas, Ont. that was identified by an analyst yesterday as being 'vulnerable' to closing when the auto maker announces a restructuring plan next week.
Ford is scheduled to announce plant closings as well as job cuts numbering in the tens of thousands on Monday as part of what it calls its 'Way Forward' restructuring plan.
The second-largest U.S. auto maker has been battered by a massive slide in sales of profitable full-sized and mid-sized sport utility vehicles and is in a fierce price war with GM, the Chrysler group and others.
Ford's market share slumped to 17.4 per cent in the United States last year, down from about 25 per cent a decade ago.
The company used just 79 per cent of its production capacity last year, less than GM and Chrysler and the three Japan-based companies with big operations in North America, Honda Motor Co. Ltd., Nissan Motor Co. Ltd. and Toyota Motor Corp., Ron Harbour, president of Harbour Consulting, said yesterday.
Ford is scheduled to announce plant closings as well as job cuts numbering in the tens of thousands on Monday as part of what it calls its 'Way Forward' restructuring plan.
The second-largest U.S. auto maker has been battered by a massive slide in sales of profitable full-sized and mid-sized sport utility vehicles and is in a fierce price war with GM, the Chrysler group and others.
Ford's market share slumped to 17.4 per cent in the United States last year, down from about 25 per cent a decade ago.
The company used just 79 per cent of its production capacity last year, less than GM and Chrysler and the three Japan-based companies with big operations in North America, Honda Motor Co. Ltd., Nissan Motor Co. Ltd. and Toyota Motor Corp., Ron Harbour, president of Harbour Consulting, said yesterday.
0 Comments:
Post a Comment
<< Home