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Ford trims Pinto output as buyers shift from economy cars
Ford Motor Co reduces 1975 Pinto production after a 96 day backlog of 1974 models and a September 10 day idling at San Jose. Plant will roll 40 Pintos per hour instead of 54 as demand in the area declines. Analysts say demand for small cars eased after oil embargo easing, with market share falling from 12.2 percent in winter to 7.5 percent in July. The move follows U.S. and Canadian plant plans and price adjustments on next year’s models.
MENTIONED IN THIS ARTICLE
Detroit
Ford Motor Co
Ford
San Jose
Calif
Pinto
Vega
Gremlin
U.S