DETROIT - Ford Motor Co on Wednesday said it expects profit for 2005 to be at the lower end of its previous forecast, soon after rival General Motors Corp dramatically slashed its earnings outlook.It's not just a GM thing.posted Feb 8, 2005
General Motors Corp. has shut down production of Saturn vehicles this week while Ford Motor Co. has temporarily closed a plant in Ontario that builds cars for police departments across north America.
The temporary shutdown of a total of four GM and Ford assembly plants is part of an ongoing effort by both companies to reduce inventories of unsold vehicles now crowding dealers' lots.