Mexican Media Brands
Ford Prepares for Fiscal Cliff
Ford Motor Co. is making a contingency plan for the possibility that the U.S. economy goes off the so-called "fiscal cliff" on Jan. 1, Ford Americas President Mark Fields tells reporters at the Los Angeles auto show.
#economics
Share
Ford Motor Co. is making a contingency plan for the possibility that the U.S. economy goes off the so-called "fiscal cliff" on Jan. 1, Ford Americas President Mark Fields tells reporters at the Los Angeles auto show.
If the Obama administration and Congress fail to reach a balanced-budget agreement by year-end, deep automatic cuts to federal spending could plunge America back into recession, economists warn.
Ford is preparing to reduce domestic production quickly if that happens, according to Fields. He says the company also is ensuring it has adequate liquidity to cover operating expenses if sales fall sharply.
RELATED CONTENT
-
MTU Research to Boost Fuel Economy ~20%
Researchers are using V2X communications and other methods to provide vehicles with a significant increase in fuel economy.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
Fuel Economy Gains in July
What you’re looking at here is a sales-weighted fuel economy chart (the numbers in the white boxes represent miles per gallon) that was put together by two diligent researchers, Michael Sivak and Brandon Schoettle, of the University of Michigan Transportation Research Institute.