DETROIT --
ford Motor Credit will cut 20 percent of its U.S. work force as auto sales plunge and the company provides financing for fewer brands. About 1,200 jobs will be eliminated by the end of July,
ford Credit spokeswoman Margaret Mellott told Automotive New this evening.The move follows a 21.8 percent decline in
ford Motor Co.'s U.S. sales last year, spurred in part by the sale of the Jaguar and Land Rover brands to India's Tata Motors. "This will help keep our costs in line with the leve...
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