UPDATE 1-Ford says has $1 billion extra in cuts

Newswire

(Updates, releads throughout with details) DEARBORN, Mich., Oct. 31 (Reuters) Ford Motor Co. executives said on Thursday the company has completed plans to cut an additional $1 billion in overhead costs next year, part of an acceleration of its turnaround plan in a weakening U.S. market for new vehicles. Jim Padilla, Ford's group vice president for North America, said the plan announced by Ford Chairman Bill Ford Jr. to cut $1 billion in spending unrelated to vehicle development had been ...

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