CEO Jim Farley wants Ford to become a far more efficient company, and he needs it to happen quickly.
"We have to change our cost profile," Farley told CNBC after a call with analysts to discuss the quarter's results. "We know what we have to go after. I'd love to give you all the metrics and all the specific gaps we see. But you know, whether it's absenteeism, the number of sequencing centers, the number of wiring harnesses we have, we know what it is."
How did Ford fall more than a billion dollars shy of hitting a profit target it gave Wall Street at the end of October? While discussing the fourth-quarter results with Wall Street analysts, Ford's leadership declined to detail the specific steps it will take to cut costs and make the automaker more efficient and profitable.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
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.
Leer más »
Ford logs $2 billion loss in 2022, says profit was left 'on the table'Ford Motor Co. late Thursday reported mixed quarterly results, with Chief Executive Jim Farley saying that the auto maker left $2 billion in profit on the...
Leer más »
Sound check: Catch the classics of Jim Peterik at Hey NonnyJim Peterik, the man behind some of rock's biggest hits, plays in Arlington Heights; Phillip Michael Scales returns to Chicago; Nashville's Drew & Ellie Holcomb play SPACE; and Night Spice headlines a stacked local lineup at Metro.
Leer más »
Donald Trump endorses Jim Banks for U.S. SenateThe former president endorsed Banks on social media Wednesday.
Leer más »
Former President Donald Trump endorses Rep. Jim Banks for U.S. SenateFormer President Donald Trump has shared his endorsement of Rep. Jim Banks for the to-be-vacated United States Senate seat.
Leer más »