Ford Motor Co. continues working to balance its global business by implementing its first significant production cuts in more than a year while pushing plans to open a new market for Ford-made taxi cabs in southern China.
Ford officials said the automaker will temporarily stop producing the Focus and C-Max at the Michigan Assembly plant for two weeks this fall to reduce growing inventories. The assembly plant will be idle for the weeks of Oct. 28 and Dec. 16.
Inventory of the C-Max, which has been hurt by challenges to its fuel-economy rating, has crept up to a 122-day supply, which is double what most automakers consider as a desirable. With the government shutdown unfolding, Focus started October with a 71-day supply. (more…)