Ford to close more than 8 plants: paper

[deadparrot]

FRANKFURT (Reuters) - Ford Motor Co (NYSE:F - news) plans to close more than eight North American assembly and parts plants in a drive to revive faltering operations on the continent, industry paper Automotive News reported on Monday.

Citing a "key company insider," the paper said the number-two U.S. carmaker was likely to close at least five vehicle assembly plants: in Atlanta; St. Louis; St. Paul, Minnesota; Wixom, Michigan; and Cuautitlan, Mexico.

Several powertrain and stamping plants will also close, it cited the unidentified source as saying based on his knowledge of a turnaround plan Ford is preparing and the group's overcapacity problems.

A Ford of Europe spokesman said he could not confirm the report and reiterated that the company would unveil its restructuring plan in January.

http://news.yahoo.com/s/nm/20051205/bs_nm/autos_ford_plants_dc

[wtbymark]

1. yup, 30,000 employees and 9 plants gone from chevy

now it's Ford's turn, can anyone guess who's next? How many thousands of workers will this effect. Yea george, that free trade thing's really workin out for ya. Man, if I were the chimp I'd live in a bullet proof room for the rest of my life. Does this idiot think he'll be able to go out in public after he's out of washington?

[Tesha]

2. Why would he want to (go out in public)?

> Does this idiot think he'll be able to go out in public after he's
> out of washington?

Why would he want to? And does he ever do it today? His friends
will make sure that he's well compensated for all the support
he's given them.

Tesha