Ford CEO says $2 billion profit left ‘on table,’ stock price falls
SUVs to help foot the $50 billion that CEO Jim Farley has committed to developing and building EVs.
“We should have done much better last year,” Farley said in a statement. “We left about $2 billion in profits on the table that were within our control, and we’re going to correct that with improved execution and performance.”‘Very aggressive’ “We just need to do more with less,” the CFO said. “You have to drive productivity improvements. We’re not where we need to be and so we’re going to get there.”
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Ford Had a Rough 2022, but CEO Jim Farley Is Determined to Do BetterFord CEO Jim Farley wears hairshirt during fourth-quarter 2022 earnings call but has a plan for future growth and improvement.
Weiterlesen »
Ford CEO Jim Farley's frustration builds as he vows to transform the automakerCEO Jim Farley wants Ford to become a far more efficient company, and he needs it to happen quickly.
Weiterlesen »
Nissan unveils modified Ariya for North Pole to South Pole expedition - AutoblogThis modified Nissan Ariya will attempt to drive about 17,000 miles between the magnetic North Pole and the magnetic South Pole in March 2023.
Weiterlesen »
Dodge Hornet GT lags behind Jeep Compass for fuel economy - AutoblogThe U.S. Environmental Protection Agency rates Dodge Hornet GT fuel economy, the compact crossover not far behind its less powerful Jeep Compass sibling.
Weiterlesen »
2024 Cadillac Lyriq finally adds a leather interior - AutoblogThe 2024 Cadillac Lyriq will reportedly get new exterior color options, and for the first time it will get the option of a leather interior.
Weiterlesen »
Elon Musk Tesla tweet trial delves into investor damages up to $11 billion - AutoblogAn Elon Musk tweet caused billions of dollars in investor damages after the deal collapsed, according to estimates presented at trial.
Weiterlesen »