Report: Ford scaling back on model changes in 2011
Filed under: Etc., Plants/Manufacturing, Ford, Earnings/Financials
Ford is ready to come up for air. The automaker has been updating its product line with great quickness and now it’s ready to take a breather. 33 percent of the Blue Oval’s product line has been replaced for 2010 and Ford says it will be scaling that back next year. The lineup is currently bolstered by the likes of the 2011 Ford Edge, Fiesta, Explorer and, of course, the Mustang with its wonderful new engines.
Still, the plan is to outpace the rest of the competition and move to a fleet built upon global platforms. Ford’s goal is to accomplish this by 2013 which will allow the automaker to reduce costs across the board and cut away at its $5.4 billion debt. This is welcome news to people who bought 2011 Mustangs, yet owners of not-as-fast 2010 models are still being monitored for signs of depression.
[Source: The Detroit News]
Report: Ford scaling back on model changes in 2011 originally appeared on Autoblog on Fri, 10 Sep 2010 17:57:00 EST. Please see our terms for use of feeds.
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