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STATEMENT FROM FORD MOTOR COMPANY ON U.S. COMMERCE DEPARTMENT'S DECISION ON MINIVAN DUMPING

STATEMENT FROM FORD MOTOR COMPANY ON U.S. COMMERCE DEPARTMENT'S DECISION
 ON MINIVAN DUMPING
 DEARBORN, Mich., May 19 /PRNewswire/ -- Following is a statement from Ford Motor Company (NYSE: F) on the U.S. Commerce Department's decision on minivan dumping:
 It is an important decision for two reasons. First, Japanese dumping of minivans in the United States was confirmed at levels similar to what U.S. manufacturers contended. Second, and perhaps more critical, for the first time, a U.S. government agency thoroughly examined Japanese pricing practices between manufacturers and suppliers in Japan. The results signal that the U.S. government will not permit Japanese manufacturers to use the keiretsu system to shield unfair competitive practices in the United States.
 -0- 5/19/92
 /CONTACT: Gene Koch of Ford, 313-322-9600/
 (F) CO: Ford Motor Company ST: Michigan IN: AUT SU:


KK -- DE026 -- 1955 05/19/92 15:13 EDT
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Publication:PR Newswire
Date:May 19, 1992
Words:148
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