Ford on track in $15bn cost cut

Ford is on track to have cut structural costs by up to $15bn (£9.1bn) since 2005, but has room to make further reductions, the carmaker's chief financial officer said yesterday. Ford, which remains on track to reach at least break-even in 2011, has focused in its cost-cutting on producing higher volume global platforms to take advantage of economies of scale and reduce product development costs. It has fared better than its peers in the slump.