Ford to announce turnaround plan by late fall-CEO

Newswire

DETROIT, Aug 23 (Reuters) - Ford Motor Co. will soon announce a new restructuring plan to return its key North American vehicle operations to profitability, Chairman and Chief Executive Bill Ford Jr. said on Tuesday. "I would say before fall gets too old," the family scion told reporters when asked about the timing of the announcement. The automaker has said it is working on more restructuring actions to halt steep losses in its North American business. Strong competition, soaring ...

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