Ford CFO Says $2B Cost Reduction Primarily Going To Be Through Material, Design Changes
Portfolio Pulse from Benzinga Newsdesk
Ford's CFO announced a $2 billion cost reduction plan primarily through material and design changes at the Deutsche Bank Global Auto Industry Conference.
June 11, 2024 | 2:58 pm
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Ford's CFO announced a $2 billion cost reduction plan primarily through material and design changes at the Deutsche Bank Global Auto Industry Conference.
The announcement of a significant cost reduction plan is likely to be viewed positively by investors, as it indicates proactive measures to improve profitability. The focus on material and design changes suggests a strategic approach to cost management, which could enhance Ford's competitive position in the auto industry.
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