Ford to shrink US dealer base over 3 yrs
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Ford Motor Co. F.N is planning to   shrink its U.S. dealer network in the next three years to align   distribution better with its current market share, Cisco   Codina, the company's North American sales chief, said on   Monday.
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Chrysler's plan to close a plant and lay off 13,000 workers further shrinks Detroit's Big Three
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Chrysler is cutting deliveries to its US dealerships after poor summer sales means there is a glut of vehicles.
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Ford Motor Co. has decided to stop work on a major procurement software system built around Oracle's 11i E-Business Suite of apps and plans to move back toward its original custom-written, mainframe-based applications.
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Ford Motor Co. F.N, the No. 2 U.S.   automaker, said on Friday it would cut annual costs by about $5   billion by the end of 2008 and reduce salaried staff by   one-third, or 14,000 jobs, as part of an accelerated   restructuring.
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Ford Motor Co. said Wednesday that US sales fell 4.3 percent in November as car sales continued to decline and truck sales edged lower despite the continued popularity of its F-Series truck.
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Jaguar Cars said Friday it is cutting production at its three British plants because of poor sales of its luxury cars in the United States, the company&#39;s biggest market.
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Ford Motor Co.  on Friday said it  would cut fourth-quarter production by 21 percent and also  reduce third-quarter production to accelerate its turnaround  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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After launching three new cars last  year, Ford Motor Co. F.N will boost its sedan lineup this  year with the Mexican-built, mid-size Fusion, which is expected  to be on sale in the fall.
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With its recent decision to entertain bids for Volvo, Ford appears to be dismantling the collection of luxury auto companies that it once assembled with such confidence.
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DEARBORN, Mich. -- Ford Motor Co.'s board is expected to review a plan to cut white-collar staffing, benefits and other costs by 30 percent as part of a broader restructuring, according to published report.
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The company is expected to announce that it will rechristen the slow-selling Ford Five Hundred sedan the Taurus later this year.
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DETROIT Refocusing on its core business, Ford Motor on Friday unveiled the beginning of a restructuring plan for its struggling Jaguar division, closing the unit&#39;s main plant and putting its Formula One racing business up for sale.
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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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Further job cuts, spending cuts and changes in FordÂs lineup of car and trucks are also expected.
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Ford Motor Co. said it would see  an increase in U.S. retail sales in May for the first time in  six months, but overall sales were expected to decline as the  automaker continued to cut low-margin sales to daily rental  companies.