Automotive News Europe reports that Ford is set to close two more facilities in Europe as it braces for losses in excess of $1.5 billion in the region. The move will see Ford reduce its production capacity by around 355,000 vehicles and slash its workforce by 6,500 employees. The automaker says it will close both the Southhampton and Dagenham, UK facilities next year. Those plants will mark the second and third European closings for Ford, following the announcement that the manufacturer intends
This didn't take long. Hot on the heels of NUMMI shutting its doors for good, reports are emerging that the plant's former workers aren't satisfied with their severance packages. Originally, employees were slated to see around $54,000 on average, depending on seniority. The newest workers were headed home with $21,000 in their pocket, while those who had put in the most years were walking away with closer to $68,000.
Blaming the current economic conditions and still wounded from a near-fatal labor strike, Detroit-based auto supplier American Axle & Manufacturing Inc. will reportedly lay off at least 500 workers at its largest plant and send the remaining jobs south of the border to Mexico.
The automotive aftermarket has been hit hard in recent years, and the latest casualty of the economic downturn is Crane Cams. According to a report by the Florida News Journal, the 56-year-old manufacturer closed its doors yesterday and laid off the majority of its employees. Any calls to Crane to follow-up on the story have been shuttled off to the company's voice-mail service, although the Florida e-paper did talk to Dennis Burgess, who declined to comment.
A paucity of hot product, and an unintentional buyer boycott has claimed the last Mercury-only dealership. Dealerships trading singularly in Mercury products were always few and far between; the brand was usually paired with Lincoln, but Community Motor Company in Canonsburg, PA has sold only new Mercurys for 57 years. The small family run dealership will continue to sell used vehicles, which have seen the franchise through even as yearly sales of new Mercurys have dropped to one third of their
Word filtered down this week through the interweb that Prodrive's operations in the U.S. would cease to exist when the 2007 calendar year concludes. Prodrive America has been around for over five years, mainly supplying Subaru enthusiasts with all the necessary gear to flog road courses and plug holes on rally stages. There's no word as to why Prodrive is pulling out of the U.S., but to all its employees, we wish them the greatest of luck on their future endeavors.
The writing's on the wall for Ford's pseudo luxury brand Mercury, which is now tipped to face extinction within the next couple of years. Flagging sales and no major new products in the pipeline mean Ford execs are likely to close the book on Mercury for good, and it could happen as early as 2012. Both industry experts and Mercury's own dealers are predicting the brand won't be around much longer. In fact, a recent survey of 125 dealers found that nearly four out of every five dealers were conce
It's twisted and a bit pathetic, but I will be shedding a tear next week in honor of the Ford Taurus officially and finally going out of production. It had a 21-year run that in retrospect is the longest fall from grace in history. During that time Ford sold 7 million Tauruses and another 2 million Mercury Sables. Since January 1st of this year, however, Ford had halted sales of the Taurus to the public, accepting orders only from fleet and rental companies. Despite that, the Taurus remained For
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