Ford to slash $14b in costs, cut car models under new CEO - gulfnews.com

Ford Motor Co. will cut $14 billion in costs and drop some car models from its line-up under Chief Executive Officer Jim Hackett, who's focusing the company's future on sport utility vehicles, trucks and electrification. The automaker will target ...

Ford CEO outlines plan to aggressively cut costs, funneling savings to electric, self-driving cars - Yahoo Finance

Rebecca Cook | Reuters. Ford's CEO used most of his first 100 days at the helm to evaluate what works and what doesn't at the company. More. The Blue Oval is getting a makeover. Ford. (NYSE: F). CEO. Jim Hackett. and his leadership team are steering ...

Ford CEO Hackett to Redeploy Capital To Re-Fashion Company for New Era - Chief Executive Group

Ford CEO Jim Hackett did what he needed to do on Tuesday: Hatched a credible plan. He needed to demonstrate to Wall Street and the rest of the world how Ford was going to stop losing ground to rivals in areas from SUVs to electrification, and Hackett ...

New Ford chief: cost cuts and electric cars key in drive ahead - Evening Standard

The new boss of Ford today set out his vision for the future of the car giant, with plans to strip out $14 billion (£10.6 billion) of costs and focus on selling SUVs and trucks. Jim Hackett's much-anticipated presentation to investors, after taking the ...

Ford's New CEO Offers An Old-Fashioned Strategic Plan - Fortune

This article first appeared in Data Sheet, Fortune's daily newsletter on the top tech news. Sign up here. New Ford CEO Jim Hackett unveiled his first detailed plan for the future of the vehicle maker Tuesday. He talked less about design thinking, the ...

Ford eyes $14 billion in cost-cutting under new CEO's plan - CBS News

Ford Motor Co.'s new CEO plans to cut $14 billion in costs, drop some car models and focus the company's resources on trucks, SUVs and electric vehicles as part of a renewed effort to win over skeptical investors. Jim Hackett, who became Ford's (F) CEO ...

Ford to cut costs by $14B - Springfield Business Journal

Ford Motor plans to cut costs by $14 billion over the next five years, CEO Jim Hackett told investors yesterday. Hackett's actions so far include signing off on a plan to shift production of the Ford Focus to China from Michigan. The CEO also said the ...

Ford to move away from traditional cars in favour of 'tech-savvy' vehicles - International Business Times UK

Ford has unveiled plans to move away from traditional cars and towards SUVs and trucks, in a bid to remain competitive in the ever-changing motor industry. The US car giant has attracted criticism from investors for failing to keep up with some its ...

Ford to refocus its efforts on SUVs, electrified vehicles and connected services - expressandstar.com

Ford is shifting its focus towards connected and autonomous vehicles, as well as reducing its passenger car offerings in favour of more SUVs. The company, which is one of the world's biggest car manufacturers, says that it is looking to aggressively ...

Ford Strategies to Invest in Electric and Hybrid Cars and Trucks - RS-Tech (press release) (blog)

The Ford logo is seen on a car in a park lot in Sao Paulo, Brazil June 2, 2017. REUTERS/Paulo Whitaker. Ford is the United States second best automaker. Jim Hackett, CEO Ford recently announced to investors that Ford intends to slit the costs of $14 ...

Ford to stake future on trucks and electrification - Fox News

Ford is reallocating one third of its internal combustion development budget into the electrification of its vehicles. The $500 million is on top of the $4.5 billion the company has already earmarked toward the next generation powertrains. A new group ...

Ford plans to shift focus to SUVs and EVs - AutoExpress

Ford has announced that it will be moving away from 'traditional cars' and will invest more heavily in autonomous and electric vehicles. In a statement from the car giant's new CEO Jim Hackett, he said that Ford needed to improve its 'fitness' in the ...

Ford (F) Sets up Team Edison to Develop Electric Vehicles - Zacks.com

Per Reuters, Ford Motor Company (F - Free Report) has created a team in order to advance development of electric vehicles. Mission of the newly formed team i.e. Team Edison will be to think and make faster decisions related to the technology of ...

Does Ford's Massive Overhaul Mean Job Cuts? - 24/7 Wall St.

Ford Motor Co. (NYSE: F) CEO Jim Hackett released his plans for the company's next five years. The programs meant to change the cost structure and investments by Ford over that period involve huge cost cuts. Hackett did not say so, but it is difficult ...

GM unveils plans for new electric vehicles - Hydrogen Fuel News

General Motors has announced plans to begin selling new electric vehicles within the next 18 months. The new vehicles are part of the automaker's overarching clean transportation plan. By 2023, GM plans to have no less than 20 electric vehicles as part ...

Are cars headed to an 'all-electric' future? - Dayton Daily News

This photo provided by General Motors Co. shows a Chevrolet Bolt, surrounded by nine electric and fuel cell vehicles covered by tarps. Courtesy of GM via AP. Now that leaders of General Motors apparently believe in an “all-electric” future, what ...

Ford announces $14 billion in cost cuts - Deutsche Welle

With sales up in September, Ford's new CEO Jim Hackett has revealed a plan to increase investment in electric and larger vehicles. At the same time he is implementing a massive cost-cutting program. Ford F-150 pickup (picture-alliance/AP Photo/Ford).

Ford plans $14bn in cost cuts - Automotive Business Review

Automaker Ford Motor is targeting $10bn in incremental material cost reductions and lower engineering costs by $4bn from planned levels over the next five years. Ford's newly appointed CEO and president Jim Hackett noted that the company needs to ...

Ford's Plan For More Smart Vehicles And Services Won't Work If It Doesn't Fix Its Business Today - Forbes

Ford Motor CEO Jim Hackett at Ford's City of Tomorrow Symposium in San Francisco. (Photo by Kelly Sullivan/Getty Images for Ford Motor Company). Ford Motor's Chief Executive Jim Hackett insists the 114-year-old car company has a bright future, despite ...

“Team Edison” Is Ford's Attempt at Staying Relevant in the EV Market - DeathRattleSports.com

Ford is feeling the gap widening between its EV efforts and the rest of the market, so it decided to take action. Its most recent response is the creation of a separate division called “Team Edison” that will seek to accelerate the development of this ...