Ford Motor Co (F - Get Report) CEO Jim Hackett is reviewing the company's future product programs, operations in India and other markets, and plans for self-driving vehicles in a move geared toward meeting Hackett's ambitious growth and revenue targets, Reuters reported.
Hackett took over as CEO in May and began a 100-day review of Ford's operations. Few details have emerged except for Hackett's plans to review the automaker's luxury vehicle strategy, the future of its smaller cars and its investment in emerging markets.
Ford competitor General Motors Co (GM - Get Report) stopped selling cars in India in May, but continues to produce cars there for export. Ford said it operates a larger business in India than GM and understands India will be the third-largest market in the world. The company says no decisions have been made about India operations.
Ford stock traded slightly down premarket. Watch TheStreet's Brian Sozzi talk with Ford's CFO after last week's second quarter earnings.
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