Ford Plans to Reduce Explorer Costs By $600 a Vehicle - Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars
LinkBack Thread Tools Display Modes
post #1 of 1 (permalink) Old 10-22-02, 03:38 PM Thread Starter
Registered User
Stacy94PGT's Avatar
Join Date: Feb 2001
Location: The Hills of North Georgia,USA
Posts: 7,859
Ford Plans to Reduce Explorer Costs By $600 a Vehicle

DETROIT -- Jocelyn Parker writing for Dow Jones reported that Ford Motor Co. on Tuesday said it plans to cut its material costs per vehicle on its popular Explorer sport-utility vehicle.

During a conference call, Chief Financial Officer Allan Gilmour said the company will take out $600 per vehicle on Ford's 2003 Explorer.

Mr. Gilmour also said Ford will start a project before the end of the month in which it will simulate various kinds of downturns to see how it would impact the business.

"We are going to do modeling of our business at various levels of industry volume and see what the consequences are both for the income statement and the balance sheet and figure out what further actions we would be ready to take if one of those things do in fact (happen)," he said.

Chief Executive William Ford Jr. also said that the company is planning on a tough pricing environment next year even though it got better pricing on its vehicles in the third quarter.

"We built a plan [for 2003] around negative net pricing," Mr. Ford said. "I'd love to surprise on the upside, but I wouldn't count on it."

Mr. Ford said that net pricing per vehicle in the third quarter rose $600. The company was able to get that gain through higher sticker prices as well as better product mix, which included more expensive vehicles such as the Lincoln Navigator.

Attached Images
File Type: jpeg 03_ford_explorer_386.jpeg (21.8 KB, 233 views)

My first car was a 67 Mustang Coupe, 2nd one was a 67 Cougar XR-7, 3rd one was a 66 Mustang Coupe. Why did I get rid of these cars for ? I know why, because I'm stupid, stupid, stupid.

My next Ford.....
Stacy94PGT is offline  
Sponsored Links

  Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Fordforums Community > Latest Ford News and Racing News > Ford Worldwide News

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode

Similar Threads
Thread Thread Starter Forum Replies Last Post
Ford family celebrates 100 years of cars Stacy94PGT Ford Worldwide News 0 06-10-03 05:46 AM
FORD TOUGH: The pressure's on for Bill Ford Jr. to finish first Stacy94PGT Ford Worldwide News 0 06-10-03 04:52 AM
'Henry had the dream' Stacy94PGT Ford Worldwide News 0 03-28-03 05:58 AM
A CENTURY OF VISION: Fords built city, changed the world Stacy94PGT Ford Worldwide News 0 03-12-03 07:17 AM
Ford Product-Led Transformation: 2003 RPO83 Trans | Driveline 0 07-22-02 06:48 AM

Posting Rules  
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

For the best viewing experience please update your browser to Google Chrome