BusinessThe StreetFord's Stock Will Probably Skyrocket After Revealing Some Mind-Blowing Cost Cuts
This could be the start of something big for Ford Motor Co. (F) . Shares charged more than 2% higher Tuesday, as investors absorbed strong September sales data, and prepared for the firm's strategic update after the closing bell. New CEO Jim Hackett unveiled plans to shift its focus more towards SUVs and trucks - categories where the automaker is already finding success - as well as electric vehicles and driverless technology - areas where innovators like Tesla Inc. (TSLA) are beating Ford. Ford also aims to boost its profit margins. That plan hinges on an effort to reduce materials costs by $10 billion, while also cutting engineering spending by $4 billion. It'll do the latter primarily by getting
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- BusinessPuget Sound Business Journal
18 billion pounds of fuel saved: Boeing releases new Dreamliner data
Air New Zealand flies this blacked-out 787 Dreamliner, one of 38 airlines from around the… more Boeing's Dreamliner 787 wide body jet, once a troubled airplane, is now a star among airlines, the jet maker says. Boeing (NYSE: BA) recently released details about its Dreamliner 787 family of jets, including the 787-8 and 787-9, and its soon to be introduced 787-10, which is undergoing flight tests. The jets with between 242 and 290 seats have racked up some impressive numbers: 18 billion pounds of fuel: That's how much the Dreamliner is estimated to have saved for its flights compared to older, gas-guzzling wide bodies it replaced since the first delivery in 2011. 190 million passengers: That's
