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Ford Idling SUV Plant in Michigan for Nine Weeks as it Evaluates Future of Truck and SUV Production
SUGAR LAND--June 20, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--For the first time since 1992, Ford Motor Company's (NYSE:F) (Dearborn, Michigan) best-selling F-150 pickup truck was outsold -- and not just by one car, either. Four different cars outsold the truck. In May, Ford's pickup sales dropped 31%, allowing Toyota Motor Manufacturing North America's (NYSE:TM) (Torrance, California) Corolla and Camry and Honda Motor Company's (NYSE:HMC) (Torrance) Civic and Accord to each outsell the former No. 1 vehicle in the American market. As a result of declining sales, coupled with rising gas prices, Ford has decided to idle its truck plant in Wayne, Michigan, for nine weeks this summer while the company evaluates the future of its pickup and SUV production.
Other companies featured: General Motors Corporation (NYSE:GM)
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Industry Segment: Industrial Manufacturing
Word Count: 640 Words
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