Saturday, August 19, 2006
Ford has announced sweeping cuts of 21% (168,000 units) in its US and Canadian production, resulting in the partial closure of ten of its plants during the fourth quarter. The measure comes on top of existing turnaround plans announced in January, in which 25,000 to 30,000 positions should be cut and 14 plants closed by 2012.
Ford is the world’s third-largest automaker and the U.S.’s second-largest. However it has in recent years been struggling with poor profitability and shrinking market shares. In 2005 it lost $1.6 billion and recently the company reported a second quarter loss of $254 million and a 34% year-year decline in sales for the month of July.
George Pipas, director of sales analysis at Ford, points to rising gas prices having negative impact on the sale of the companies SUV lines as well as its sales leader, the F-series pickup truck as being the direct cause of the latest initiative.
So far the following plants are thought to be affected:
- St. Thomas Assembly of St. Thomas, Ontario, Canada
- Chicago, Illinois
- Wixom Assembly Plant of Wixom, Michigan, Michigan
- Louisville Assembly of Louisville, Kentucky
- Michigan Truck Plant of Wayne, Michigan
- St. Paul, Minnesota
- Kansas City Assembly of Kansas City, Missouri
- Norfolk Assembly of Norfolk, Virginia
- River Rouge Plant of Dearborn, Michigan
Ford’s stock fell 17 cents (2.1%) to $8 on the New York Stock Exchange.
Tuesday, February 23, 2010
Najibullah Zazi, an Afghan immigrant, pleaded guilty to conspiring to use weapons of mass destruction, conspiring to commit murder in a foreign country and providing material support for a terrorist organisation, on Monday in United States District Court in Brooklyn, New York. He was a part of the plot to detonate explosives in New York’s subway system in late 2009. He admitted participation in a suicide attack conspiracy led by the Al-Qaeda. According to him, this was in protest of US presence in Afghanistan. He will be sentenced on June 25 and faces a possible life term without parole.
Zazi said in court he was recruited by Al-Qaida in Peshawar, while on a visit to join anti-American insurgency in 2008 and went into a training camp in Waziristan. He refused to identify his trainers and recruiters. Zazi had decided “I would sacrifice myself to bring attention to what the U.S. military was doing to civilians in Afghanistan.”
| I would sacrifice myself to bring attention to what the U.S. military was doing to civilians in Afghanistan | ||
He admitted receiving weapons training at the camp and knowledge about explosives. He tried to build homemade explosives using cosmetic products. Zazi then went to New York just before the eighth anniversary of the September 11 attacks. He planned to assemble the bombs there and detonate them in the following days.
Attorney General Eric H. Holder Jr. said at a news conference that the Zazi case represented one of the most serious threats to the United States since the 9/11 attacks. “Were it not for the combined efforts of the law enforcement and intelligence communities, it could have been devastating,” he said. “This attempted attack on our homeland was real, it was in motion and it would have been deadly.”
Zazi, who was born in Afghanistan, raised in Pakistan and later attended high school in Queens, New York and lived in Colorado, had cooperated with the authorities in recent weeks and had worked out an agreement with them regarding his plea bargain.