|
The emphasis now on
smaller vehicles
"Ford has
taken decisive action"
|
|
|

Photo courtesy of Ford |
The 2009 Ford F 150 will now go
on sale in the fall
Ford switching the emphasis to "smaller cars and
crossovers"
.. what do you think? Add your comments lower down
the page .. |
DEARBORN, Mich., June 20, 2008 - Ford
Motor Company today said it is making further reductions to
its North American truck production plan while adding more
small cars, crossovers and fuel-efficient powertrains, as
the company responds to the continued deterioration in the
U.S.business environment and the accelerated shift away from
large trucks and SUVs.
"As gasoline prices average more than $4 a
gallon and consumers worry about the weak U.S. economy, we
see June industry-wide auto sales slowing further and demand
for large trucks and SUVs at one of the lowest levels in
decades," said Ford President and CEO Alan Mulally.
"Ford has taken decisive action to respond to this
accelerating shift in customer demand away from large trucks
and SUVs to smaller cars and crossovers, and we will
continue to act swiftly moving forward."
Ford now expects U.S. industry volume in
2008 - including medium and heavy vehicles - to be between
14.7 million and 15.2 million units, compared with the
previous assumption of 15 million to 15.4 million units.
Accordingly, in the third quarter, Ford now plans to produce
475,000 vehicles, a reduction of 50,000 units from
previously announced plans and a decline of 25 percent
compared with the 2007 third quarter. In the fourth
quarter, Ford plans to produce 550,000 to 590,000 units, a
reduction of 40,000 units from previously announced plans
and a decline of 8 to 14 percent compared with the 2007
fourth quarter.
In parallel, Ford is adjusting the public
introduction timing of the new 2009 Ford F-150 by
approximately two months due to the industry-wide slowdown
in the U.S. truck market and the need to sell down dealer
inventory of the current model. The new F-150 now will go on
sale in late fall.
"The new 2009 F-150 raises the bar yet
again on capability, quality and durability, and we know
core truck customers are eagerly awaiting its arrival," said
Mark Fields, Ford's President of The Americas. "Our
plan all along has been to introduce the new F-150 after our
dealers had a chance to sell down inventory of the existing
model, and - with the current slowdown in the marketplace -
we decided it was prudent to adjust the start of public sale
for the new truck by about two months."
|