Reported about 1 year ago
John Lawler, Vice President of Ford, discusses the company's strong hybrid sales, the success of EVs, and the shift towards profitability in the electric vehicle market. Ford has maintained its focus on hybrids alongside its EV push, with Lawler highlighting the importance of offering choices to consumers. He also addresses the slower-than-expected growth in EV demand post-COVID and Ford's plans for improved profitability through the second generation of EVs, designed from the ground up as electric vehicles. Lawler is optimistic about Ford's 2024 outlook, aiming to achieve the projected $10-12 billion adjusted EBIT target.
Source: YAHOO