Ford targets $11.2 bln in product savings by 2004


DEARBORN, Mich., Oct. 31 (Reuters) Ford Motor Co. executives said Thursday they were targeting $11.2 billion in savings from their global product purchasing over the next two years. The figure represents about 15 percent of Ford's total global annual purchasing of $75 billion for the parts and materials needed to built the automaker's cars and trucks. Ford Group Vice President David Thursfield told reporters he would be "disappointed" if the company did not get those savings through ...

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