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August 2008
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Ford Motor Company says it will announce "changes to Ford's overall plan" when quarterly results are released next week. With the auto industry believing that higher gas prices have permanently altered demand in favor of smaller, more fuel efficient vehicles, GM and Chrysler have already cut more jobs and closed plants. Speculation is rampant what Ford will do, but the Kentucky Truck Plant, the sole producer of Super Duty Trucks, is considered safer than the Louisville Assembly Plant. Ford has promised a new vehicle for the Louisville Assembly Plant on Fern Valley Road, and - my conjecture only - Ford might choose this time to announce that new vehicle as a way of offering a positive spin on what will otherwise be a glum report. Here is the Ford release: JULY 24 BRIEFING FOR SECOND QUARTER 2008 FINANCIAL RESULTS At 9:00 a.m. EDT, Alan Mulally, president and chief executive officer, Don Leclair, executive vice president and chief financial officer, and Mark Fields, executive vice president and president, The Americas, will host a call for the investment community and news media to discuss second quarter results and provide more details on changes to Ford's overall plan. At 11:00 a.m. EDT, Peter Daniel, Ford senior vice president and controller, Neil Schloss, Ford vice president and treasurer, and K.R. Kent, vice chairman and chief financial officer, Ford Motor Credit Company, will host a conference call for fixed income analysts and investors. |
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WHAS11.com Political Blog
WHAS11 Reporters blog the latest political news from the campaign trail and beyond. 
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