Ford, GM intensify their cost cutting 

Posted: 1:00 am Mon, April 7, 2003
By admin

Ford Motor Co. is intensifying efforts to slash its $30 billion budget for costs not directly related to vehicles, and General Motors Corp. is digging deeper to reduce expenses as the world’s two largest automakers adjust to sluggish sales and rising competition.GM, the industry’s biggest manufacturer, has asked departments to eliminate costs such as nonessential ...