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


(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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