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Ford Motor Co To Run At 100 Percent Capacity By The Year 2008
May 01, 2007

Ford has forecasted that its manufacturing plants in North America will be running at 100% capacity by the year end 2008, following its restructuring plan that predicts to shutter sixteen plants within the six years to come.

On September 21, 2006, Ford told that the company will manufacture approximately 3 million vehicles without paying any overtime while company's maximum installed capacity will be 3.6 million vehicles including overtime.

According to the auto manufacturer, by 2008 the capacity would be estimated at hundred percent "due to plant idling and shift eliminations and line speed reductions."

Last week Ford motor company said that by the year end 2008 company would slash 5 billion US dollar in annual costs by cutting 10,000 white collar workers and offering buyouts to all 75,000 union workers. The company also said that company's North America based factory's capacity would be 26 percent below 2005 levels.

The company has told the investors to not expect a full-year profit before 2009 from its North America based automotive operations.

New cuts announced last week brought total number of closures of plants to sixteen, adding to fourteen plants announced in one of the previous restructuring plans. Ford has identified 9 plants that'll be closed by 2008.

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