The
88th Geneva International Motor Show
Thomson Reuters
(Reuters) – U.S. automaker Ford Motor Co plans to drop production
of some of its automobile models as part of a planned operational
restructuring announced earlier this year, sources told The
Times.
The British newspaper reported that Ford planned to end
production of Mondeo, Galaxy and S-Max models and focus on more
lucrative sport utility vehicles. Ford also plans to cut its
number of dealerships, the Times said.
In July, Ford’s chief executive officer, Jim Hackett, said the
company planned to spend around $11 billion on a restructuring of
its European business.
Ford lost $73 mil…
Read the full article at: http://uk.businessinsider.com/r-ford-to-cut-car-models-as-part-of-restructuring-the-times-2018-9