Ford Making Plans for Fiscal Cliff While GM Says It Has No Need
This article is for subscribers only.
Ford Motor Co., the second-largest U.S. automaker, is making contingency plans should the nation’s economy falter if President Barack Obama and Congress go over the fiscal cliff. Its main domestic rivals aren’t.
“We want to be able to adjust our production appropriately and make sure we have the right amount of liquidity,” Mark Fields, Ford’s Americas chief who becomes chief operating officer Dec. 1, told reporters yesterday at the Los Angeles Auto Show. “It is encouraging to see that the administration is working with the Congress in a bipartisan way.”