02-21-2007, 04:31 AM
Ford Missing Restructuring Targets
The Daily Auto Insider
Tuesday, February 20, 2007
February 2007
Ford conceded in a report to employees that the company is failing to meet key goals in its turnaround plan, according to The Detroit News.
The company documents revealed that Ford missed its U.S. retail sales goal for the compact Focus in January by 10,600 vehicles and now expects to miss its retail market-share goals for February and March.
It also will miss its targets for February and March for reduction in material costs by a 15 percent to 20 percent margin, though it hit the goal of $400 million in savings in January said the News, citing the internal report.
The Daily Auto Insider
Tuesday, February 20, 2007
February 2007
Ford conceded in a report to employees that the company is failing to meet key goals in its turnaround plan, according to The Detroit News.
The company documents revealed that Ford missed its U.S. retail sales goal for the compact Focus in January by 10,600 vehicles and now expects to miss its retail market-share goals for February and March.
It also will miss its targets for February and March for reduction in material costs by a 15 percent to 20 percent margin, though it hit the goal of $400 million in savings in January said the News, citing the internal report.