Why Ford Will Soon Idle Three U.S. Factories
Ford Motor Company (NYSE: F) said that it will temporarily halt production at five of its North American factories, three in the U.S. and two in Mexico, in order to repair recalled commercial vans and reduce inventories of slow-selling car models.
Sales of Ford's mainstream sedan models have slumped this year as more buyers have switched to SUVs.
Ford's Flat Rock Assembly Plant, in Michigan, builds the Mustang and the Lincoln Continental. It will be shut down for two weeks to ease growing inventories of both models. Image source: Ford Motor Company.
Source: Fool.com
General Motors Corp Stock
€42.27
1.450%
Currently there is a rather positive sentiment for General Motors Corp with 36 Buy predictions and 9 Sell predictions.
With a target price of 48 € there is a slightly positive potential of 13.56% for General Motors Corp compared to the current price of 42.27 €.
