Ford CEO Jim Farley's frustration builds as he vows to transform the automaker
Publishing timestamp: 2023-02-03 06:07:33
Summary
Ford CEO Jim Farley is frustrated with the company's fourth-quarter earnings missing analyst expectations due to costs and supply chain issues. He wants Ford to become a more efficient company quickly and is pushing for a transformation. He is not just cutting jobs to reduce costs, but is also separating EV and internal combustion engine vehicle operations to accelerate efficiency. He is confident that the right team and plan will deliver great returns to shareholders.
Sentiment: MIXED
Keywords: tesla inc, business news, economy, transportation, autos, business, breaking news: business, ford motor co,
Source: https://www.cnbc.com/2023/02/03/ford-ceo-jim-farley-frustrated-after-bad-earnings.html