U.S. auto industry is facing its worst sales in more than a decade.

[carol b]

I believe that even though this is small in the scope of things
that will effect stock prices.

Phil McKinnon said he's seen it all before at Ford Motor Co. -- the rising gas prices and the company's ensuing attempts to adjust to a changing market.
More than 20 years ago, he saw it when oil embargoes forced his plant, Michigan Truck in suburban Wayne, to go on a one-week-on, one-week-off schedule to slow production.
And now the 55-year-old autoworker said he's seeing it again with Ford announcing a five-week shutdown of the plant that makes Ford Expeditions and Lincoln Navigators, both large sport utility vehicles.

"I wasn't surprised, really. You could see it coming with the price of gas and the vehicles that we build," he said.
The shutdown will add three more weeks to the normal two-week shutdown in July, McKinnon said. It's scheduled to begin June 23.
Ford said in March that it planned to cut North American production by 10 percent in the second quarter because of slow U.S. sales, but the production cuts at Michigan Truck would come on top of that.

by Margaret Harding



That is just to long to be laid off. Unemployment payments aren't
high enough to cover my payments. How do you suppose these
guys are going to fare.