USA: Ford plans 1-million-vehicle capacity cut - NYT
Ford Motor Company will today announce plans to cut world-wide capacity by one million vehicles, the New York Times said today, citing a source "close to the deliberations" of the giant car maker's board of directors. The NYT said Ford's share price fell by 6.3 percent to $US15.29 yesterday as analysts worried that the company's restructuring plan, to be announced at 2.15pm GMT today, would fall short of expectations.
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