GM and Ford planning production cuts for first quarter of '08
The General plans to produce around 950,000 vehicles (606k trucks and 344k cars) in the first three months of '08, a reduction of around 11-percent from 2007's output. Ford will be limiting production by 7.4-percent in the same period, reducing manufacturing by some 55,000 units for a total of 685,000 vehicles.
Ford and GM cite the economy and the subprime credit debacle as the primary reasons for the slow down, with both automakers keeping an eye on what's ahead in '08 and adjusting accordingly.
[Source: Automotive News – Sub. Req.]
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