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Ford Pulls Plug on Automated Parallel Parking Feature to Cut Costs
The $2 billion in promised savings target a wide range of operations ranging from materials and freight to manufacturing.
Photographer: Angus Mordant/BloombergThis article is for subscribers only.
Ford Motor Co. plans some big cost cuts as part of a drive to boost profitability and beat back inflation, including removing some once-ballyhooed features from its vehicles — like automated parallel parking.
The $2 billion in promised savings target a wide range of operations ranging from materials and freight to manufacturing. The cuts will even affect car design and little-used technologies that real-time data show aren’t all that popular among drivers, Kumar Galhotra, Ford’s chief operating officer, told analysts on a conference call Tuesday.