Ford to Pull $7B Out of Car Development to Build More Trucks and SUVs - Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars
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post #1 of 1 (permalink) Old 10-05-17, 04:58 AM Thread Starter
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Ford to Pull $7B Out of Car Development to Build More Trucks and SUVs


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Ford CEO Jim Hackett announced a new business strategy for the automaker Tuesday, outlining its goals to build more trucks SUVs, double down on EV development and reduce operating costs.

Hackett said Ford will cut operating costs by $14 billion over the next five years. This will entail pulling $10 billion out of materials costs and another $4 billion out of product engineering costs. It will cut engineering costs by using shared platforms and common parts across many different models – something that will be particularly easy with electric cars. It will also offer fewer options to customers on its vehicles, build fewer test prototypes and use technology to streamline its production processes. In Hackett’s words, the automaker will be “fitter” going forward.
Read more about Ford to Pull $7B Out of Car Development to Build More Trucks and SUVs at AutoGuide.com

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