CLASS RACER FORUM - View Single Post - Ford going F1 and Lemans you can forget about DragRacing.

Ralph A Powell · 02-05-2023, 09:53 AM

From today Automotive New’s
Doesn’t appear there will much spent on Racing! GM doesn’t have a vehicle to replace Camaro after 24. Ford will have Mustang around for several years!

GM executives said they plan to cut $2 billion in costs over the next two years, with 30 to 50 percent of that coming this year. The reductions, which will not include layoffs, are meant to help preserve margins as the automaker continues to ramp up its EV transition — including building more battery cells and launching key new models.

Ford, meanwhile, plans to slash expenses by a "considerable amount more than" the $3 billion it previously promised to cut by mid-decade, according to CFO John Lawler, who noted "everything is on the table," including further layoffs.

02-05-2023, 09:53 AM	#4
Ralph A Powell Member Join Date: Oct 2017 Location: Bay City Texas Posts: 389 Likes: 2 Liked 225 Times in 136 Posts	Re: Ford going F1 and Lemans you can forget about DragRacing From today Automotive New’s Doesn’t appear there will much spent on Racing! GM doesn’t have a vehicle to replace Camaro after 24. Ford will have Mustang around for several years! GM executives said they plan to cut $2 billion in costs over the next two years, with 30 to 50 percent of that coming this year. The reductions, which will not include layoffs, are meant to help preserve margins as the automaker continues to ramp up its EV transition — including building more battery cells and launching key new models. Ford, meanwhile, plans to slash expenses by a "considerable amount more than" the $3 billion it previously promised to cut by mid-decade, according to CFO John Lawler, who noted "everything is on the table," including further layoffs.