Staff Writer - CheersandGears.com
October 24, 2013
Ford is planning two weeks of downtime at its Wayne, Michigan plant. The plant builds the Focus and C-Max Hybrid. Bloomberg reports the reason for this shutdown is to help reduce the number of C-Max Hybrids and Focus in stock. The start of October saw a 71-day supply of the Focus and 122-day supply for the C-Max. Compared to the month before, the supplies are up 13 and 14 days respectively.
“They don’t want to get ahead of themselves. Ford has been focused on keeping their pricing in check. Their operating margin is in double digits. Nobody else is there and they’re obviously very proud of that,” said Alan Baum, an independent auto analyst at Baum & Associates.
The move is part of Ford CEO Alan Mulally’s plan to bring production in line with demand, something that has helped the company to post ecord profit margins in North America.