Ford Motor Company (NYSE:F) slashes production at Russian facility as market turns down


Dallas, Texas 08/12/2013 (Financialstrend) – Ford Motor Company (NYSE:F)’s Russian joint venture proposes to scale back fabrication at its facility in close proximity to St. Petersburg, as demand for the compact cars produced there has declined to a great extent.

The plant, which possesses a capacitance for 125K vehicles/year and hires 3000 individuals, generates the Ford Focus, but “alterations in client demand with changes between market sections” has lead to a 16 per cent diminution this year in the compact vehicle section in which the Focus is a best seller amongst overseas brands.

Ford Motor Company (NYSE:F)’s sale facts in Russia remained down by around 6 per cent in 2013 as against 2012’s record speed of 2.93M innovative vehicles sold.

Ford Motor Company (NYSE:F): 2013 Ford Focus Bags Highest Possible Protection Rating from Insurance Institute for Highway Safety

The 2013 Ford Focus bagged a Top Safety Pick+ ranking from the Insurance organization for Highway protection. Focus remained on top out of 6 cars in the small car section to attain IIHS’s highest score.

Top Safety Pick+ is a novel group in the IIHS rankings.

Vehicles should receive a “good” score for occupant defense in 4 estimations: side impact, rollover, and seats/head restraints in addition to moderate overlap frontal crash. The examinations are scored “good,” “satisfactory,” “insignificant” or “deprived.”

Mr. Steve Kenner, worldwide director of the company’s Automotive Safety Office stated, “Ford is dedicated to designing cars, which assist keep people secure. We are continuously looking for ground-breaking techniques with the aim to aid drivers to keep away from mishaps and keep dwellers secure when an accident does occur.”

Ford Motor Company (NYSE:F) Works to fortify Supplier relations to offer clientele with top-notch technologies

Ford Motor Company (NYSE: F) is rolling out Aligned Business Framework 2.0 – the fruition of a plan, which assists reinforce supplier connections and introduce new technologies to additional Ford clients faster.

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