Ford says ahead of plan in cutting capacity

Newswire

DEARBORN, Mich., June 29 (Reuters) - Ford Motor Co. is ahead of where it expected to be in improving vehicle quality and reducing production overcapacity at this point in its turnaround effort, a senior executive said on Friday. "Overall, we're ahead of where we expected to be in capacity reduction," Mark Fields, Ford's president for the Americas told reporters in an update on the automaker's restructuring. Despite the progress, Ford still faces economic "headwinds," including the slump ...

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