Ford speeds cost cutting at European ops-WSJ

Newswire

NEW YORK, Sept 23 (Reuters) - Ford Motor Co. has stepped up its cost-cutting drive at its European operations in response to the continent's shrinking market for auto sales, The Wall Street Journal reported Monday. Ford of Europe's new president, Martin Leach, said his operation was on track for higher profit this year but that it would have to find new ways to cut overhead, The Journal reported. The division was accelerating its cost-cutting plans, he said in a interview with The Journal, ...

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