The company said 10 North American plants, including the 2,400-employee Norfolk facility already scheduled to be shut down in 2008, face more “down time†this year as part of Ford’s accelerated turnaround plan.
Ford will slash vehicle-building by 21 percent in North America in the last three months of the year. The planned 168,000-vehicle drop in production is the steepest since the early 1980s and is focused mainly on F-Series trucks such as the F-150 assembled in Norfolk.
Ford’s big trucks have piled up on dealers’ lots, with more than three months of accumulated inventory. » Read more after the jump →