Actionable news
0
All posts from Actionable news
Actionable news in F: FORD MOTOR COMPANY,

Ford (F) Announces it Will Halt Production of the F-150

NEW YORK (TheStreet) --Shares of Ford (F) were dropping in mid-afternoon trading on Tuesday, as the automaker announced plans to halt production of its Ford F-150 truck. CNBC auto industry reporter Phil LeBeau appeared on Tuesday afternoon's "Power Lunch" to discuss Ford's decision.

"They have got too much inventory. They have to bring down that inventory and the way you do that in the auto industry, especially when the auto market is plateaued, you've got to halt production every once and a while," LeBeau explained.

The resolution to stop production is not indicative of a market misjudgment by Ford, LeBeau noted.

"It's just...


More