FPV Accelerates Despite Retrenchments
Bruce Newton
24 January 2007
www.smh.com.au
Ford and partner Prodrive have committed to the future of the Ford Performance Vehicles joint venture despite last week's sudden retrenchment of virtually all the company's top management.
Managing director Sak Ryopponen (left), plus eight senior marketing, finance and product support staff were given their marching orders in what appears to be a massive cost-cutting exercise. Mr Ryopponen had been MD for seven months.
The retrenchments came just days after FPV announced a record 2144 sales in 2006. Created in 2002 as a direct competitor for the successful Holden Special Vehicles operation, FPV modifies and markets Falcon V8 and turbocharged six-cylinder sedans and utilities
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