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Ford sees tough U.S. market

LOS ANGELES - Ford is preparing for the risk that higher oil prices and a slowing U.S. economy crimp demand and will cut production as needed to avoid building costly inventories, senior executives said on Tuesday, according to Reuters News Agency.

Speaking to reporters in advance of the Los Angeles Auto Show, Ford Chief Executive Alan Mulally said the economic concerns for Ford included tighter credit markets and a U.S. housing market that could remain weak for another year or two.

"When you add that together, it's a very concerning environment," Mulally said.

Posted by Peter C. T. Elsworth  at 10:43 AM to Ford | Permalink

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