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Ford to Focus on High-Growth Areas, Cost Cutting

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Ford Motor Co. will shift about $7 billion toward the development of more trucks and sport-utility vehicles while “attacking” costs, part of new Chief Executive Jim Hackett’s strategic plan for the No. 2 U.S. auto maker.

Mr. Hackett, the former office-furniture executive appointed in May, outlined his strategy to investors and analysts in New York late Tuesday. He emphasized faster action to deploy capital in regions and product lines with solid growth potential while positioning the auto maker for a future of electric vehicles...

 

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