Bill_Ford - Ford to close plants

Ford to close plants

DET2002011103- 11 JANUARY 2002- DEARBORN, MICHIGAN, USA: Ford Motor Company executives (LtoR), Martin Inglis, Ford CFO & group vice -president; Bill Ford, Ford Chairman & CEO, Nick Scheele, president and chief operating officer and Jim Padillo, Group vice- president address the media regarding Ford's future plans. Ford announced that five U.S. plants will close, eliminating 37 thousand jobs, worldwide. The company will also discontinue four current models. bg/Ford Motor Company UPI.


UPI Related News
Ford shareholders grateful and grumbling
WILMINGTON, Del., May 14 (UPI) -- Ford Motor Co. shareholders in Delaware Thursday called for more executive pay disclosures, but praised executives for avoiding federal bailout funds.
WASHINGTON, Sept. 17 (UPI) -- U.S. automakers have shifted their focus in Washington from requesting a $50 billion loan to securing $25 billion promised last year, observers said.
DEARBORN, Mich., June 19 (UPI) -- U.S. billionaire investor Kirk Kerkorian's Tracinda Corp. has increased its holdings in Ford Motor Co. to 6.49 percent, official filings showed.
WILMINGTON, Del., May 8 (UPI) -- Ford Motor Co. Executive Chairman Bill Ford Jr. praised company Chief Executive Officer Alan Mulally at the annual shareholder meeting, sources said.
Ford urges family unity in Kerkorian bid
DEARBORN, Mich., May 7 (UPI) -- Ford Motor Co. Executive Chairman Bill Ford Jr. wants family members to unite against a challenge to family control of the company, a Detroit newspaper said.
SAN ANTONIO, Sept. 25 (UPI) -- A judge in Texas has refused to dismiss a lawsuit against an insurer brought by the widow of a man whose ex-wife held a large policy on his life.
WASHINGTON, April 5 (UPI) -- Ford Motor Co. said Thursday its top seven executives were paid more than $62 million while the U.S. automaker posted a record $12.6 billion loss.
ANN ARBOR, Mich., Jan. 31 (UPI) -- Ford Motor Co. Chairman Bill Ford has put his 6,500-foot, five-bedroom home on 17.2 acres in Ann Arbor, Mich., up for sale.
DEARBORN, Mich., Oct. 23 (UPI) -- Word of another huge loss at the No. 2 U.S. automaker has renewed calls for shareholders to cut the founding family's control.
DEARBORN, Mich., Sept. 15 (UPI) -- Ford Motor Co. will lay off 14,000 salaried workers, close more North American factories and says it still won't make money until 2009.
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