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Dealers said the most important aspect of the meetings in Las Vegas was that Hackett laid out his vision for the company and explained to dealers how they fit in those plans - reassurances they said were long overdue. Hackett and other executives promised dealers there will be a wave of new models to replace an aging lineup, that future models would come at a faster pace and that more of those new models would be electric or hybrid. Company executives also outlined plans to cut time from a customer ordering a vehicle to delivery from 82 days to 38, as well as plans for the launch of an enhanced customer appreciation program to reward Ford’s most loyal buyers.

“His (Hackett’s) first slide was a McKinsey-type slide and I big ben watch cufflinks was like, ‘Oh great, this is going to be like a consulting session here,’ but I found him to be very genuine,” Pete DeLongchamps, senior vice president with Group 1 Automotive, told Reuters, DeLongchamps, whose Houston-based company owns 17 Ford stores, saw Hackett speak on Tuesday night, Seavitt said what Hackett lacked in the “wow factor,” he made up for in sincerity and credibility, While some dealers expressed concern about Ford’s previously announced decision to drop sedans in the U.S, market due to declining demand, they accepted the logic..

One large dealer, who asked not to be identified, said Ford’s October sales were down double digits at his stores and criticized Ford’s product line and lack of aggression with incentives and advertising. Jim Farley, Ford’s president of global markets, told reporters the dealers simply wanted to see proof of Ford’s change in direction and plans. Farley said Hackett had been the “catalyst” for that change. “Most dealers have their entire net worth sunk into a dealership so it was important for us to know what’s going on,” Santosh Viswanathan, managing partner with Willis Ford in Smyrna, Delaware, told Reuters. He attended Hackett’s presentation on Monday.

Ford announced an $11 billion restructuring in July and three months before that said it would drop production of traditional big ben watch cufflinks sedans in the U.S, market and accelerate cost cutting, Many investors and analysts have called for greater detail about the restructuring and complained the company lacked a clear strategy, Dealers attending the Las Vegas meetings said they applauded Ford’s next batch of ads, which will launch this weekend, The ads tout Ford’s long manufacturing history and the involvement of the Ford family, and use the tagline “Built Ford Proud,” echoing the long used Ford truck slogan, “Built Ford Tough.”..

WASHINGTON (Reuters) - U.S. home sales fell in September by the most in over two years as the housing market continued to struggle despite strength across the broader economy. The National Association of Realtors said on Friday that existing home sales dropped 3.4 percent to a seasonally adjusted annual rate of 5.15 million units last month. Home sales have now fallen for six straight months. A dearth of properties for sale has pushed up prices, sidelining many would-be homeowners. Sales dropped the most in the South and the decline in the West left sales there down 12.2 percent from a year earlier.

NAR Chief big ben watch cufflinks Economist Lawrence Yun said the overall decline appeared related to a rise in interest rates, Supply has also been constrained by rising building material costs as well as land and labor shortages, while rising mortgage rates are expected to slow demand, The Federal Reserve raised borrowing costs in September for the third time this year and is widely expected to hike rates again in December, Economists polled by Reuters had forecast existing home sales falling to 5.30 million from a previously reported 5.34 million, Existing home sales make up about 90 percent of U.S, home sales..

BEIJING (Reuters) - China’s economic growth cooled to its weakest quarterly pace since the global financial crisis, with regulators moving quickly to calm nervous investors as a years-long campaign to tackle debt risks and the trade war with the United States began to bite. Chinese authorities are trying to navigate through numerous challenges, as the trade war fears have sparked a blistering selloff in domestic stock markets and a steep decline in the value of the yuan versus the dollar, heightening worries about the growth outlook.

The economy grew 6.5 percent in the third quarter from a year earlier, below an expected big ben watch cufflinks 6.6 percent rate, and slower than 6.7 percent in the second quarter, the National Bureau of Statistics said on Friday, It marked the weakest year-on-year quarterly gross domestic product growth since the first quarter of 2009 at the height of the global financial crisis, “The trend of slowdown is strengthening despite Chinese authorities’ pledge to encourage domestic investment to support the economy, Domestic demand turned out weaker than unexpectedly solid exports,” said Kota Hirayama, senior emerging markets economist at SMBC Nikko Securities in Tokyo..

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