New Ford CEO slashes development budgets, plans to focus on trucks and electric vehicles

Jim Hackett (left) and Bill Ford Jr.Ford Motor Company’s new CEO isn’t ready to abandon the traditional sedan just yet, but the recently minted executive is already on a budget-slicing mission that will focus the automaker on SUVs, trucks, and electric cars in the near future. Jim Hackett, who took the helm at Ford in May after heading up the company’s self-driving cars program…
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