Ford Idling SUV Plant in Michigan for Nine Weeks as it Evaluates Future of Truck and SUV Production
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)
Subscribe Now!(All Fields Required)
Related Articles
Articles related to this company
- Strong Demand Continues to Drive Investments in Truck Manufacturing
- New England Sees $27 Billion in Projects Under Construction
- Final EPA Rule on Vehicle Tailpipe Emissions Draws Wide Range of Responses
- U.S. Wind Turbine-Manufacturing Projects Gain Ground
- U.S. Heavy Manufacturing Set for More than $7 Billion in Kickoffs