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Wednesday, March 5, 2008

$100/barrel oil could be a factor

Star Tribune Tue, 04 Mar 2008 04:12:58 GMT
Ford’s latest plan: St. Paul plant will close in September 2009

Demand for the Ranger, made in St. Paul, was a bright spot in an otherwise gloomy report on February automakers' sales. The Ford Motor Co. plant in St. Paul is now slated to close in September 2009, union officials said Monday. Meanwhile, Ford's latest sales report showed that demand for the Ranger was one of the few bright spots for the automaker in February. Ranger sales in February shot up 27 percent, to 7,431 units, from a year ago. Sales of the light truck, the only vehicle Ford makes in St. Paul, are up 24 percent, to 12,977 units, so far this year. The St. Paul plant had originally been scheduled to close this year, but received a one-year reprieve after Ranger truck sales escalated, with much of the demand coming from Canada thanks to the fall in the U.S. dollar.

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