Ford changes forecast, expects 2006 global market share to drop
Without giving specific market share predictions, Ford blamed challenges in a key market - full-size trucks and SUVs - caused by rising fuel prices and new-product launches by its competition. Ford also highlighted challenges created by the new CAFE fuel economy standards, and the possibility that those standards could become even more stringent after the federal courts rule on challenges to the new standards for light trucks, which a number of states, led by California, believe to be too lenient.
In the same SEC filing, the company stated that it plans to close seven North American plants between 2010 and 2012, as part of its "Way Forward" restructuring plan.
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