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23 October, 2001The automaker needs to cut costs due to declining sales and financial losses.
USA: Due to declining sales and financial losses, Ford Motor Co. has announced that to cut down on expenses it is cancelling its programme to give personal computers to its employees.
In February 2000, the company had stated its intention to put a personal computer, printer and access to Internet in the homes of all its 350,000 employees worldwide. Between the spring of 2000 and May of this year, some 166,000 personal computers and printers were distributed.
According to Bloomberg News, Ford's U.S. vehicle sales dropped by 11 per cent this year through September, which was double the industry-wide decline. The company has now reported third-quarter losses of US$692 million. Demand has fallen from a high in 2000 due to the slowdown in the U.S. economy.
In February 2000, the company had stated its intention to put a personal computer, printer and access to Internet in the homes of all its 350,000 employees worldwide. Between the spring of 2000 and May of this year, some 166,000 personal computers and printers were distributed.
According to Bloomberg News, Ford's U.S. vehicle sales dropped by 11 per cent this year through September, which was double the industry-wide decline. The company has now reported third-quarter losses of US$692 million. Demand has fallen from a high in 2000 due to the slowdown in the U.S. economy.