GENEVA - Ford wants to cut costs in Europe by outsourcing more components - providing suppliers with some potentially lucrative opportunities.
'We're too vertically integrated,' said Ford of Europe President David Thursfield.
Thursfield, who began his job in January, is leading Ford of Europe on a drive to become more flexible, agile and profitable. In doing so, he wants to lower capacity.
To reduce vertical integration, Ford will move smaller stamping presses out of its factories, letting suppliers do that work instead.
'We should concentrate on Class A panels and major underbody components,' said Thursfield.
Thursfield also said Ford will reduce the number of components it uses. He wants to increase the commonality of parts between Ford vehicles in areas where customers would not see a difference.