Ford Cutting Production As US Demand Slows

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DETROIT (CBSMiami/AP) —  Automaker Ford is temporary cutting production at four North American plants in response to slowing demand for its new vehicles.

The company has scheduled one-week closures this month for its plants in Kansas City, Missouri, and Hermosillo and Cuatitlan, Mexico. Those plants make the F-150 pickup truck, the Fusion sedan and the Fiesta subcompact.

Ford Motor Co. will close its Louisville, Kentucky, plant for two weeks in October. That plant makes the Ford Escape and Lincoln MKC small SUVs.

After six years of growth, U.S. demand for new vehicles is slowing. So far this year, overall industry sales are flat compared to 2015.

Ford says the cuts won’t impact its financial guidance, and still expects a pretax profit of $10.2 billion this year.

(TM and © Copyright 2016 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2016 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)


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