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August 19, 2006

Ford Cutting Jobs, Production Due to High Gas Prices

The Ford Motor Company announced that it would cut one fifth of its production in the fourth quarter of 2006, making it the worst rollback since the 1980’s crisis. The cuts in production, accompanied by cutting thousands of jobs, is blamed on the rising price of gas. Both Ford and GM have had some fierce […]

Filed by Art at August 19th, 2006 under Energy
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