Ford might be considering closing down eight more plants
It is no news that Ford Motors is struggling in its domestic market of North America. However, the latest news released by industry paper Automotive News is not helping the cause. The paper claimed in a news report that the company is contemplating closing more than eight North American assembly and parts plants. The reason behind these closures is to cut down on loss making units and revive faltering operations on the continent.
Automotive News cited a company insider for their information and claimed that the second largest US based automaker is likely to close at least five vehicle assembly plants: in Atlanta; St. Louis; St. Paul, Minnesota; Wixom, Michigan; and Cuautitlan, Mexico. Also expected is that several powertrain and stamping plants would also face similar fate in the coming months.
Their has been no official statement from the company on these market rumors and a spokesperson only said that ford would be unveiling its restructuring plan in January. This plan is going to be called “Way Forwardâ€ and it is hinted to include closure of several plants as well. They are not alone in the American market to see tough times, the market leaders General Motors is facing similar problems are have already announced closure of many plants and massive layoffs.
Chief Executive Bill Ford Jr. has also not given specific details about his plans for the company in the near future and just said: “Look, I’m firmly committed to this job, this company, and I’m going to fight like mad to get this company back to where it deserves to be.â€