Ford PH set to shut down Laguna factory by end of 2012

InterAksyon.com reports that Ford Motor Co. Philippines "will close down its Sta. Rosa, Laguna factory by the end of the year." The report noted that "the closure stems from the country’s small automotive market and the global phase-out of the U.S. carmaker’s remaining Philippine-assembled model, the Ford Escape SUV."

InterAksyon.com reports that Ford Motor Co. Philippines "will close down its Sta. Rosa, Laguna factory by the end of the year." The report noted that "the closure stems from the country’s small automotive market and the global phase-out of the U.S. carmaker’s remaining Philippine-assembled model, the Ford Escape SUV."

 

The report quoted the company’s statement, which was issued on Wednesday, June 27: "The plant closure is part of the restructuring of our regional manufacturing operations to improve efficiencies and costs, and better leverage economies of scale. During a lengthy and extensive assessment, Ford looked at every possible opportunity and scenario to bring a new product program to the Philippines, but ultimately we could not build a strong enough business case."

 

For more on this story, log on to InterAksyon.com.

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