Ford Motor Co.’s new CEO said his company needs to be smarter, run leaner and move more quickly into the future to remain profitable. Jim Hackett, who took the car company’s top job in May, told investors in Detroit that Ford must build more SUVs and trucks, move more quickly toward electrification and increase connectivity among its vehicles. Outlining a campaign to increase revenue while controlling expenses, Hackett said Ford had to become a more disciplined company. “We will do this by increasing common parts, reducing order combinations and building fewer prototypes,” Hackett told investors. The CEO said Ford vehicles in the U.S. will be smarter by becoming 100% connected to each other by 2019, and 90% connected globally by 2020.

Source: Los Angeles Times October 03, 2017 22:01 UTC