YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Ford to cut costs by $14B

Posted online

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 company would focus more on trucks and electric and hybrid cars and move away from sedans and internal combustion engines.

Read more from Reuters.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Fall 2026 Architects & Engineers Project Report

This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.

Most Read
Update cookies preferences