Ford Motor Co. could axe about 1,000 white-collar employees in the U.S. as it struggles to cope “with some serious challenges,” including tough competition, slipping sales and skyrocketing costs. The cuts could be announced within a month along with other cost-improvement plans, Greg Smith, Ford president-The Americas, says in an internal letter to employees that was provided to Ward’s. Fixed marketing expenses and administration, materials and travel costs also face the chopping block. ...

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