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BREAKING 10:30am 5-22-08 Rising Gas Prices Forces Ford Cutbacks on Trucks & SUV Production
The company said it now hopes to break even companywide next year, as overseas profits balance out losses at home. It also announced it would slash production of pickups and SUVs due to changing consumer demand.
Ford now believes that the change in vehicle choice is structural, not cyclical, Mulally said.
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