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Ford meets with Tracinda, discusses turnaround
Summary from multiple countries, from articles in English
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" The informal meeting was positive and a chance for the leaders of both companies to discuss elements of Ford's transformation plan that we have announced publicly Ford said in a statement. (article 3)
Kerkorian, a long-time activist investor in the auto industry, has acquired a roughly 5.5-percent stake in Ford, which remains controlled by its founding family. (article 3)
Tracinda has invested about $861 million in Ford stock over the past two months, including a heavily oversubscribed tender offer concluded earlier this month. (article 3)
At $4 a gallon, driving a full-powered Hummer H3 or a big Ford F-150 would cost a typical driver, who drives 15,000 miles a year, almost $4,300 in gas. (article 4)
DETROIT - Sagging demand for large sport utility vehicles has forced Ford Motor Co. to close a Michigan factory for nine weeks starting June 23. (article 1)
With the U.S. auto market worsening for Ford Motor Co. almost daily, managers told union officials Friday that the company will have to further reduce its factory work force in the coming months. (article 2)
United Auto Workers union officials were told in a meeting that Ford needs to make additional cost cuts " so that we can make the vehicles in an efficient way that customers are buying said Ford spokeswoman Anne Marie Gattari. (article 2)
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Other summaries about this story:
Event tracking:
Story keywords
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Ford, Kerkorian, Auto, Truck, Gattari |
Source articles
- Low sales force Ford Motor Co. to idle SUV plant for nine weeks (cbc.ca, 06/16/2008, 551 words)
- Ford tells union more cuts needed as market slump... (suntimes.com, 06/15/2008, 600 words)
- Ford meets with Tracinda, discusses turnaround (Washington Post, 06/17/2008, 399 words)
- R.I.P. to the S.U.V. (nytimes.com, 06/17/2008, 450 words)
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blaster@cs.columbia.edu
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