Ford to cut production at 4 plants

10/18, 7:17 AM (Source: TeleTrader.com)

Ford Motor Co said early on Tuesday it will cut production of its F-150 trucks this month due to a slowing demand on the U.S. car market, The Wall Street Journal wrote. This way, the automaker aims to solve a problem of unsold cars.

The production will be stopped for a week at an assembly plant in Kansas City where F-150 pickup is built. The company will also close a crossover factory in Louisville for two weeks in October. In addition, two plants in Mexico that produce sedans and small cars will be shut down for a week.

Ford’s sales in the Unites States fell 8% in September as the country's car market is slowing down after six years of growth.

Teletrader Newsroom / DN