Ford to increase procduction to meet demand…June 28, 2009
Once again, there is some good news from our heros at Ford HQ, with CEO Allan Mulally announcing Ford will be increasing production of all models to meet “the desirablilty of Ford products” (Amen! :)).
There may well be a downturn in new car sales all over the globe, but Ford is the only one of the Detroit 3 that is gaining market share and slowly decreasing its annual loss year by year, hoping to be in the black by 2011.
Ford is also working on one of the vital pointrs of its turnaround plan – “more and more electrificatin of Ford vehicles, both hybrid and battery powered cars”, which will be a lot more easier with the $5.9b (US) that the U.S. Dept. of Energy gave to Ford in loan to retool factories for way of more environmentally friendly cars and trucks.