Ford cut its North American vehicle production for the second time this year on Tuesday, after failing to get much of a boost from the US car industry’s traditional spring selling season, Reuters reported.
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Ford’s US sales fell 0.7% in May despite heavy consumer incentives to offset the sluggish US economy but the announced results includes sales of the foreign brands — Volvo, Jaguar and Land Rover — and heavy trucks and was not adjusted for changes in the number of selling days in May, Reuters noted.
Faced with bloated vehicle inventories, Ford, which cut its second-quarter North American output, said it was now estimating a cut of nearly 15% in its third-quarter production, Reuters added.
