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Stock impact report

Ford Reveals More Details on Its Massive Cost-Cutting Plan [The Motley Fool]

Ford Motor Company (F) 
Last ford motor company earnings: 4/28 04:09 pm Check Earnings Report
US:NYSE Investor Relations: shareholder.ford.com
Company Research Source: The Motley Fool
A modular design philosophy will allow Ford to better address customers' preferences, while simplifying the product design process and unlocking huge material cost savings. Since taking the helm of struggling auto giant Ford Motor ( NYSE:F ) last year, CEO Jim Hackett has emphasized a need to improve Ford's fitness -- by which he means reducing its cost structure. Last fall, the company announced plans to reduce spending by $14 billion over the 2018-2022 period. In April, Ford increased this cost-cutting target to $25.5 billion. Considering Ford stock's dreadful performance -- it has plunged more than 40% during the past five years, reaching a new multiyear low last week -- it's clear that investors are skeptical of Hackett's cost-cutting goal. However, in a recent presentation, Ford provided more details to explain how the company will radically transform its business in the next few years. Ford Motor Company Stock Performance, data by YCharts . Moving beyon Show less Read more
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