NEW YORK: Ford Motor Co surprised Wall Street earlier this month with a strong first quarter, but chief executive officer Jim Farley still faced a tough crowd by sticking with a goal for the company’s money-losing electric vehicle (EV) unit to be churning out two million models annually in a few years.
“I appreciate that Jim,” Adam Jonas, an analyst for Morgan Stanley, said during Ford’s earnings call on May 2. But that goal is worrying because it’s a “crazy high number.”
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