Big buyout offers from Ford

Ford Motor Co. is reportedly set to offer buyouts to 75,000 union workers in a bid to slash costs and rein in growing losses in its core North American auto operations.

In the e-mail, which Reuters said it got from a union official, UAW Vice-President Bob King said the union was 'deeply concerned' about Ford's declining share of the U.S. auto market. The development came after Ford said details of its accelerated turnaround plan will be unveiled early Friday.