Ford idles production at plants in US and Mexico
Southfield — Ford Motor is temporarily halting one of two plants that builds the top-selling F-150 pick-up as it idles four factories in October amid slowing US car sales. This week, Ford is shutting its Louisville, Kentucky, factory building the Escape and Lincoln MKC sport utility vehicles, as well as two plants in Mexico that make the Fusion sedan and Fiesta subcompact, according to an e-mailed statement. Next week, the second-largest US car maker said, it will close the F-150 factory near Kansas City for seven days. And starting on October 31, the Louisville plant will be idled for another week, Ford said. The plant closings follow last week’s idling of Ford’s Mustang factory in Michigan after sales of the sports car plunged 32% in September. US vehicle sales are slowing as many analysts predict the industry will not match the 2015 record of 17.5-million cars and light trucks. The temporary shutdowns do not change Ford’s guidance to investors that it expects pretax profits of ab...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.