Ford cuts production

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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