Business
New Products Investment
New Products Investment.
About this update from Fdm Group (holdings) Plc
[{"type":"text","content":"\n Ford Motor Co\n09 August 2006\n\n\nFOR IMMEDIATE RELEASE\n\n\n FORD CONFIRMS NEW SHELBY GT AND LINCOLN MKS SEDAN; $1\n BILLION POTENTIAL INVESTMENT TO BUILD MORE PRODUCTS\n\n\n• New Ford Shelby GT to go on sale in January as the newest member of the \n Mustang performance car stable.\n\n• New Lincoln MKS flagship sedan to go on sale in 2008 - packed with more \n technology and features than any Lincoln before it, including innovative \n capless fuel-filler technology.\n\n• Nine new Ford and Lincoln Mercury vehicles go on sale in the next six months\n as part of the company's product-led turnaround - including the groundbreaking\n Ford Edge and Lincoln MKX crossovers in November.\n\n• Ford considering investments of up to $1 billion in several Michigan\n facilities as part of its product-led 'Way Forward' turnaround and in\n partnership with the Michigan Economic Development Corporation.\n\n\nTRAVERSE CITY, Mich., Aug. 9, 2006 - Ford Motor Company (NYSE:F) will increase\nthe pace of new product introductions and respond to fast-changing consumer-\nbuying trends as it accelerates its Way Forward turnaround plan and considers\ninvesting up to $1 billion in several of the company's Michigan facilities. Mark\nFields, Ford's president of The Americas, made that announcement today to\nindustry leaders at the Center for Automotive Research's 41st annual Management\nBriefing Seminars.\n\n'We are rebuilding our business for the future with an emphasis on more new\nproducts faster - and that includes more customer features and advanced\ntechnologies throughout our entire lineup,' said Fields. 'Even as we reduce our\noverall capacity in line with demand and make the tough but necessary cutbacks\nthroughout our business to secure our future, we are not retreating one bit from\nthe necessary investments to bring out more products for our customers. The\ncompetitive landscape and our future demand it.'\n\nInvestments Would Target Flexible Manufacturing, New Products\n\nFord's potential $1 billion investment would be dedicated to expanding flexible\nmanufacturing at several Ford facilities in Michigan and be used for the\nresearch and development of future products, advanced powertrain technologies\nand hybrid vehicles. The investment is being considered in partnership with a\nMichigan Economic Development Corporation incentive packa...