 With that as the backdrop, here?s a closer look at where Ford is in terms of its expenses, versus where it wants to be. The short version of a long story: Ford CEO Jim Hackett is looking to cut $14 billion worth of annual spending out of Ford?s budget. The slightly-less-short version: Of the $14 billion, $10 billion will be saved by doing things that lower Ford?s cost of materials and the other $4 billion will be trimmed by reduced spending on engineering, for starters.
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