Ford Motor (NYSE: F) announced nowadays that it plans to produce fewer cars during the first quarter that year than it did final year.
The company announced yesterday that it now expects to build 685,000 vehicles in North America during the quarter, a drop of 55,000 from the same period final year. That works out to a 7.4% decline.
Ford plans to improve its North American sales results in 2008, but still plans on seeing losses again that year. The company is in the middle of a turn-around plan that it thinks will take it back into profitability next
It has definitely been a mighty run for the struggling automaker, and it is now predicting that it will have a 14 to 15% market share in the U.S. with its Ford, Lincoln and Mercury grades during the year.
Michael Fowlkes has worked as a stock trader for seven years and spent the final four years working as an analyst for the online investment advisory service Investor’s Observer.
Original post by Michael Fowlkes
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