Ford Motor Co. will shift about $7 billion toward the development of more trucks and sport-utility vehicles while “attacking” costs, part of new Chief Executive Jim Hackett’s strategic plan for the No. 2 U.S. auto maker. Mr. Hackett, the former office-furniture executive appointed in May, is scheduled to outline his strategy to investors and analysts in New York late Tuesday. He plans to emphasize speedier action to deploy capital in fast-growth regions and product lines while positioning the auto maker for a future of electric...

Source: Wall Street Journal October 03, 2017 21:00 UTC