Thursday, May 22, 2008

Ford Cuts Down American Production for 2008

BREAKING. Ford motor company will shut down North American operations for the rest of the year because of spiking oil prices. Oil is now at $135 a barrel and the nation's first carmaker can't afford to keep making cars that no one is buying.

Since this story is breaking on cable news, I have no links or further details. Suffice it to say, this is a huge setback to working people in the heartland.

UPDATE. Ford isn't shutting down all production, just that of the biggest gas-guzzlers.

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