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Ford to slash US$14b in costs, drop some car models

New CEO Jim Hackett aims to convince wary investors that he has a plan to reverse a three-year stock slide

Mr Hackett has set a target to get new models to market faster by reducing development time by 20 per cent and cutting the time it takes preparing factories to build those vehicles by 25 per cent.

Southfield, Michigan

FORD Motor Co will cut US$14 billion in costs and drop some car models from its lineup under chief executive officer Jim Hackett, who's focusing the company's future on sport utility vehicles, trucks and electrification.

The carmaker will target reducing...

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