UPDATE 4-Ford to cut costs $14 bln, invest in trucks, electric cars -CEO

DETROIT, Oct 3 (Reuters) - Ford Motor Co plans to slash $14 billion in costs over the next five years, Chief Executive Officer Jim Hackett told investors on Tuesday, adding that the No. 2 U.S. automaker would shift capital investment away from sedans and internal combustion engines to develop more trucks and electric and hybrid cars.