Ford redundancy plan gathers pace
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Ford says 38,000 of its hourly unionised staff have accepted voluntary redundancy and will leave the firm next year.
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As Chrysler's labor contract moved closer to ratification yesterday, the spotlight began shifting to Ford, the final Detroit automaker yet to work out a union deal.
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A SECOND win in as many weeks for the Ford rally team will make it hard for the Ford management to announce anything but a reprieve at a press conference in Brussels tomorrow.
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With the hiring of a new chief executive, Ford is said to believe it can resolve its financial crisis without any outside help.
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Ford Motor Co. announced on Thursday a shake-up of its top management intended to streamline vehicle development efforts and bring Chief Executive Alan Mulally closer to key operations.
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The auto-parts company needs to figure out how to fix itself.
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Ford Motor Co.  said on Monday it plans to raise $18 billion in debt financing to fund its restructuring, the latest sign the automaker is struggling to turn around its money-losing North American operations.
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Ford Motor Co. F.N, the No. 2 U.S.   automaker, on Friday said it will cut annual costs by about $5   billion by the end of 2008 and reduce salaried staff by   one-third, or 14,000 jobs, accelerating a restructuring plan.
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Ford Motor Co.  said on Monday it plans to obtain financing totaling about $18 billion to address near-and medium-term negative operating-related cash flow, to fund its restructuring, and to provide added liquidity.
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TORONTO - Ford Motor Co. is reported to be on the verge of announcing a $1-billion investment at its plant in Oakville, Ont. The company has decided to build a flexible manufacturing plant at the site, the Toronto Star reported Friday.
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DEARBORN, Mich. -- Ford Motor Co.'s board will be faced this week with the option of cutting about 6,000 more jobs than previously announced as part of changes to its North American turnaround effort, according to a published report yesterday.
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As Ford Motor Co.  moves to  implement its biggest job-cut and plant-closure program in its  103-year history, uncertainties about the turnaround plan risk  complicating its execution, analysts said on Monday.
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Fordâs decision comes after the companyâs board met last week, according to people with knowledge of the situation.
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Fordâs decision comes after its board met last week, according to people with knowledge of the situation.
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Ford Motor Co.  said on Thursday  that two of its top executives have decided to retire, a day  before the automaker is expected to announce a new sweeping  restructuring plan.
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One of the world's premier automotive headline makers hatches a familiar scheme.
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Ford Motor Co. of Canada&#39;s rivals will be watching closely today as the automaker makes a widely-anticipated announcement confirming its plans to build a $1-billion flexible manufacturing plant in Oakville, Ont.