Ford shuts a Jag plant, drops Formula 1 auto racing

Article Abstract:

Ford Motor Co. halted car production at Jaguar's Brown's Lane factory, eliminating 1,150 jobs, and dropping out of Formula 1 auto racing, where it can no longer compete with Ferrari ad the German luxury makers BMW and Mercedes-Benz. The restructuring is another sign that the fierce competition in the global auto market means no company can afford to make mistakes.

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Ford to slash output as inventories swell

Article Abstract:

Ford Motor Co. is planning to reduce bloated inventories by slashing vehicle production at two of its Canadian assembly plants in the fourth quarter of 2004. Production cuts will hit two Ford plants in Canada as the company is facing soft sales for minivans made in Oakville, Ontario and full-sized sedans assembled in St. Thomas, Ontario.

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