Ford Chief Financial Officer Bob Shanks told Reuters in an interview that the review covers a range of issues, including Ford’s strategy for India.
“We have a lot of work to do (as) we address issues of how to fix India,” Shanks said.
Shanks said no decisions have been made and noted that Ford has a larger business in India than GM did.
Ford chief executive officer Hackett Reviewing Future Products, Plants, Countries: Sources
(Reuters) – Ford Motor Co Chief Executive Jim Hackett is reviewing the automaker’s operations in India and other markets, as well as Ford’s future product programs including plans to build a self-driving commercial vehicle in 2021, according to company officials and other sources familiar with that review.
“We are very cognizant that will be the third-largest market in the world,” he said.
Ford chief executive officer tackles strategy – Ford Motor Company (NYSE:F)
Plans for the Lincoln brand, development of a self-driving shuttle and model replacement initiatives could also be modified.
The CEO-led review takes place with shares of Ford down 12% over the last 52 weeks.
Ford (NYSE:F) CEO Jim Hackett is reviewing the company’s operations in India as part of a broad 100-day review, according to Reuters Morning Call.
The automaker’s strategy in India is just one of the items that could be reset following the review.
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