Used Cars News

Ford Motor Company's North American operations head said on last Wednesday that they are going to make "unprecedented" investments in new engines. Executive Vice President Mark Fields told reporters that they are investing more than they have ever invested. He added that they are seeing a move from big engines to small ones. Last month, Ford told it was bringing 6 small-car models to North America from its European unit. They are planning to double their output of gasoline-electric hybrid vehicles to 50,000 annually. At the same time, a top executive in Ford said that the company met its goal of cutting 15% of its North American salaried costs by Aug. 1. But they wouldn't say how many salaried people will leave the company.

Labels: fuel economy and used cars, south california used cars, used cars