USA: Ford makes better-than-expected cost-cutting progress - COO
Ford has made faster progress than expected in cutting costs as part of an extensive revamping, president and chief operating officer Nick Scheele said yesterday, according to Associated Press (AP). While visiting the Louisville assembly plant to drive the five millionth Explorer off the line, Scheele told AP that Ford is about 20% ahead of its target to reduce costs by an average of $US200 a vehicle this year.
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