Ford cuts production
Ford cuts production of its signature trucks and SUVs, citing high gas prices as the reason.
Ford says it will cut vehicle production for the rest of this year and fall short of reaching profitability in 2009, a long-held company goal. In a statement, a top Ford executive said, "rising gasoline prices are having a
tremendous impact on our sales, our manufacturing operations and our profitability."
"The Takeaway" gets analysis from Bill Vlasic, Detroit Bureau Chief of the "New York Times."
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