Ford Cuts Back in Romania, USPS Competes with Wal-Mart & Others: Consumer Biz Wrap
Ford Motor Company (NYSE:F) will decrease output at its facility in Romania from 500 cars per day to 250 beginning this month, according to company officials to the Bucharest paper Ziarul Financiar. Further, Ford expects to build around 30,000 vehicles in its Craiova factory in 2012, compared with a prior plan of 60,000 units.
Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>
Perhaps inspired by escalating growth in e-commerce shipping, the struggling United States Postal Service is hurrying to initiate a same-day package delivery service for the Internet shopper who wants the experience of a physical store. The USPS will introduce the new service, which may only last for the duration of the heavy shopping season, in San Francisco on December 12th at a price not unlike those of its competitors. Currently, eBay (NASDAQ:EBAY), Wal-Mart Stores (NYSE:WMT) and Amazon.com (NASDAQ:AMZN) all charge a flat $10 rate for same-day deliveries.
Snacks producer PepsiCo Foods (NYSE:PEP) is starting to see the market shares for its flagship brands of Kurkure snacks and Lays potato chips fall in India to such regional rivals as Balaji, based in the State of Gujerat, Yellow Diamond in Indore, and Crax which is made by DFM Foods. These local brands are equalling the multinational giant on pricing, veriety, and regionalization.