Having visibility into and control of products while they are in digital form allows companies to make decisions that have maximum impact on the cost to design, source and retire products earlier in the productdevelopment cycle.
The company listed several factors, some of which were decreased by-product credits from lower metals prices, higher development costs in Peru, industry-wide cost pressures and the issues at Manantial Espejo.
"Working together will significantly help speed this technology to market at a more affordable cost to our customers, " said Raj Nair, group vice president of global productdevelopment at Ford.