During the first two months of 2009, Ford sold a total of 200,838 passenger cars in Europe, down 15.5 percent from the same period in 2008.
"Cutting capacity, reducing costs and safeguarding our future product plans are essential actions for Ford of Europe to sustain a viable business for the future," said John Fleming, Ford of Europe Chairman and CEO. "We have already taken a number of actions but, as the market has continued to weaken substantially, we are now taking additional necessary actions."
"In relation to today's announcement, we considered all the options but decided the best approach in the present circumstances was to re-balance production across our plants in line with the market decline. We are realigning not only our current production requirements but also our future sourcing plans to meet our business needs," he added.
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