Ford News

From: Jason Banta (jason.banta@louisville.edu)
Date: Fri Jan 11 2002 - 15:01:17 EST


Guess the Blue Oval had to do something. The full story can be read at
www.msn.com

DEARBORN, Mich., Jan. 11 — Ford Motor Co. announced Friday it plans to
slash 35,000 jobs worldwide, close five plants, scrap four vehicles and
cut its overall production capacity by 16 percent in a sweeping
restructuring that its chief executive called a “painful, but necessary”
effort to return the world’s second-largest automaker to profitability



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