More bad news for Ford - WDRB 41 Louisville News

More bad news for Ford

More bad news for Louisville Ford workers.  Ford announces even more production reductions.

Its already been announced that the Kentucky Truck plant will be shut down during July because of slow sales of the F-series trucks.  Now comes word that when the plant resumes production, the assembly line will be slowed, at least through September.  That means the plant will be making fewer F-series trucks.

Those trucks and the Louisville made Explorer at Ford's Fern Valley road plant are the victim of higher gasoline prices resulting in slow sales of the bigger vehicles.

A Ford spokesperson says Friday's announcement will have an impact on jobs but isn't saying what effect that will be.

Ford is delaying introduction of its new F-150 pickup truck by two months because of the declining market. The latest news comes as Ford reduces production at many of its plants across the country.

A statement from Ford president Alan Mullay says Quote: "As gasoline prices average more than $4 a gallon and consumers worry about the weak U.S. economy, we see June industry-wide auto sales slowing further and demand for large trucks and SUV's at one of the lowest levels in decades."

Ford says it will increase production of its smaller cars, like the Focus; and that it will bring production of the next generation of the Focus and Fiesta to North America starting in 2010.

Local political leaders maintain that Ford is still keeping its promise to bring a new vehicle to the Louisville Assembly plant.  But Ford isn't saying when any annoucement about that might come.

The company says it expects to lose more money this year than last year when it lost $2.7-billion.

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