(Reuters) – U.S. automaker Ford Motor Co (F.N) plans to drop production of some of its automobile models as part of a planned operational restructuring announced earlier this year, sources told The Times.
The Ford logo is pictured on the company’s stand during the 88th Geneva International Motor Show in Geneva, Switzerland, March 7, 2018. REUTERS/Denis Balibouse
The British newspaper reported that Ford planned to end production of Mondeo, Galaxy and S-Max models and focus on more lucrative sport utility vehicles. Ford also plans to cut its number of dealerships, the Times said.
In July, Fords chief executive officer, Jim Hackett, said the company planned to spend around $11 billion on a restructuring of its European business.
Ford lo…
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