UPDATE 1-Ford CEO seeks to rally dealers as shares sink to new low [Reuters]
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Source: Reuters
Ford CEO seeks to rally dealers as shares sink to new low | Reuters 4 Min Read LAS VEGAS (Reuters) - With Ford Motor Co’s stock at nearly a nine-year low and the company squeezed by tariffs and trade tensions, Chief Executive Jim Hackett sought to restore confidence among dealers gathered in Las Vegas this week, days ahead of announcing the automaker’s third-quarter results. In closed-door meetings with members of Ford’s national dealer network, Hackett and other top Ford executives showed off future versions of the popular Explorer and Escape SUVs, as well as new the Ranger mid-sized pickup truck and an unnamed smaller off-road utility vehicle, attendees said. Ford has said it will refresh 75 percent of its North American lineup over the next two years. “I feel better after seeing the product,” said Jim Seavitt, owner of Village Ford in Dearborn, Michigan, near the company’s headquarters. He saw Hackett speak on Wednesday night. Hackett’s presentations were not open to the press or p
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