The company scheduled two weeks of down time at its factory that assembles the Focus compact and C-Max hybrid cars to trim inventory after the first drop in U.S. auto sales in 27 months.
Ford’s Michigan Assembly Plant in Wayne, Michigan, near Ford’s headquarters in Dearborn, will shut the weeks of Oct. 28 and Dec. 16, said Kristina Adamski, a company spokeswoman, in a statement. Supply of both models rose after industry wide U.S. sales of cars and light trucks slipped 4.2% in September, while hybrids and electrics also fell steeper.
Chief Executive Officer Alan Mulally’s mantra to align production with demand has led Ford to post record profit margins in North America of more than 10 percent in an industry where 5 percent is considered respectable. Ford is boosting output of other models such as F-Series pickups and Fusion mid-size cars as the industry remains on track for its best year since 2007.
Ford began this month with 122 days supply of the C-Max and 71 days of the Focus, according to the Automotive News Data Center. Inventory of both models rose from 108 days and 58 days, respectively, at the beginning of September. Automakers generally try to carry about 60 days supply of inventory per vehicle.
) - Wednesday, October 23rd, 2013 - filed under Ford
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