On Wednesday A top executive said that Ford Motor Co (FN) is closely watching their inventories and waiting to see if the U.S. government of "money for Clunkers" program was extended, but do not plan to announce any decisions on production until early September, Lewis Booth the Chief Financial Officer of FORD, told to reporters that they are going to continue to manage their production to keep their inventory in control Booth said Ford needs to assess the production and release of this month a decision on any change in production Schedules in early September to publicize the August U.S. sales figures. The "clunkers" incentive program has run through most of its allocation of $ 1 billion since it began on July 24, but on Thursday the U.S. Senate Is expected to vote for final the approval of an extension of 2 billion U.S. dollars for the program then go to President Barack Obama that was signed into law. In the U.S. July Ford posted a 2 percent increase in sale...
FRMNews - An online tabloid on financial risk management. We cover recent articles, News on finance, investment, stock market and other areas of financial risk management.