WPP in talks with Ford about extending marketing contract
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UK advertising giant WPP expects to extend its contract with the Ford Motor Company after being "verbally informed" of the car company's intentions overnight.
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Such is the importance that WPP places on the news, the FTSE 100 group put out a regulatory news item to say that Ford, as it considers its future marketing model, "want to enter into a further agreement with WPP for a period to be agreed in 2018".
WPP said it was "considering the proposal and is in discussion with Ford on next steps".