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Ford Beats Expectations And Slashes U.S. Car Lineup To Just Two Models

Greg Gardner

Jim Hackett, president and chief executive officer of Ford Motor Co., speaks during a discussion at the Automotive News World Congress event in Detroit, on  Jan. 16, 2018. Ford, which has struggled to contain rising material prices, raised its cost-cutting target to $25.5 billion by 2022, well above the $14 billion it told analysts about last fall. Revenue also exceeded expectations, rising 7% to $41.96 billion.