Ford eyes fewer models, more electric cars

Ford Motor Chief Executive Officer Jim Hackett laid out an ambitious plan to Wall Street last week, aimed at refocusing the company as the automaker tries to stay relevant in a changing automotive and technological landscape that pits it against traditional foes such as General Motors and Toyota and upstarts such as Tesla and Google.

The company plans to reduce the number of Ford models but it did not say how many or which ones. And it intends to substantially ramp up its shift away from gas engines into electrification and connected cars, as well as autonomous cars.