MICHIGAN: Ford Motor Co’s leader made a case for significantly restructuring the 118-year-old automaker for the electric age and acknowledged the company is “under-earning” on both its electric vehicles (EVs) and internal combustion engine (Ice) models.
“We have too many people, we have too much investment, we have too much complexity and we don’t have expertise in transitioning our assets,” Jim Farley, Ford’s chief executive officer, said at a Wolfe Research auto conference Wednesday.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
