Monday, March 5, 2012

Ford Motor weighs turnaround options; Everything is open for discussion to solve problems.(Brief Article)

DETROIT - Ford Motor Co. won't ask the UAW if it can permanently close plants in the next two years, but COO Nick Scheele said the company is wrestling with how much annual production capacity it needs in the next decade.

Meanwhile, Jim Padilla, the new group vice president for North America, wants to establish a predictable schedule for new products to avoid poor launches and quality problems.

Scheele and Padilla must find answers to Ford Motor's problems by mid-January, the deadline for crafting the automaker's turnaround plan.

The company has indicated everything is on the table for discussion, including asset sales.

Last week, analyst …

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