Ford announced Tuesday that it's spending $65 mil to trim development expenses and speed up the time it takes to develop a vehicle to market. The total cost includes a new $16 mil safety testing facility that will allow the automaker to simulate up to 10 crashes a day compared with its current capacity of just two. The goal is to reduce the amount of time spent testing a vehicle after its design has been decided. Currently Ford's average is 28 months, much longer than its new target of 18 months that competitor Toyota is able to achieve. Ford is also outfitting 8,000 engineers with new cell phones and wireless laptops to untether them from their cubicles during this critical phase of development. Ford believes its investment will help shave 60% off the cost of vehicle production. That's a lot of green the Blue Oval could stand to put back in its pocket.

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