Ford CEO says $2 billion profit left ‘on table,’ stock price falls
SUVs to help foot the $50 billion that CEO Jim Farley has committed to developing and building EVs.
“We should have done much better last year,” Farley said in a statement. “We left about $2 billion in profits on the table that were within our control, and we’re going to correct that with improved execution and performance.”‘Very aggressive’ “We just need to do more with less,” the CFO said. “You have to drive productivity improvements. We’re not where we need to be and so we’re going to get there.”
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