Ford to retool U.S. plants for European cars: report

CHICAGO (Reuters) – Car maker Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz) is drawing up plans to retool American plants to make small, fuel-efficient passenger cars that it mainly makes and sells in Europe, the Wall Street Journal reported on Saturday.

The paper said Ford has looked at bringing over European models, including the mid-size Mondeo, in response to high fuel costs that have hit sales of larger, fuel-hungry trucks and sport utility vehicles.

Reuters