SOURCE: Industrial Info Resources

June 20, 2008 08:01 ET

Ford Idling SUV Plant in Michigan for Nine Weeks as It Evaluates Future of Truck and SUV Production, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - June 20, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- For the first time since 1992, Ford Motor Company's (NYSE:F) (Dearborn, Michigan) best-selling F-150 pickup truck was outsold -- and not just by one car, either. Four different cars outsold the truck. In May, Ford's pickup sales dropped 31%, allowing Toyota Motor Manufacturing North America's (NYSE:TM) (Torrance, California) Corolla and Camry and Honda Motor Company's (NYSE:HMC) (Torrance) Civic and Accord to each outsell the former No. 1 vehicle in the American market. As a result of declining sales, coupled with rising gas prices, Ford has decided to idle its truck plant in Wayne, Michigan, for nine weeks this summer while the company evaluates the future of its pickup and SUV production. Pickup and SUV sales have also plummeted for General Motors Corporation (NYSE:GM) (Detroit, Michigan) and Chrysler LLC (Auburn Hills, Michigan).

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