Adam Jonas - Morgan Stanley -
"Does Ford have too many people?"
Jim Farley-
"As I said in my comments, Adam, we absolutely have too many people in certain places, no doubt about it. And we have skills that don't work anymore. We -- and we have jobs that need to change. And we have lots of new work statements that we've never had before.
We are literally virtually -- we are reshaping our company, like every part of our company. And on our ICE business, we want to simplify it. We want to make sure the skills we have and the work statements we have are as lean as possible. We know our costs are not competitive at Ford.
But we are -- that's what I mean by we are not satisfied. But I just want to emphasize that in the past, at least in my career for 40 years, we kind of often and discriminately just taking the costs out. That's not what's happening at Ford now. This is a different kind of change where we're reshaping the company, reshaping skills, investing in new technologies and simplifying investments in others, i.e., spending less.
So -- and we have -- it's kind of the old adage. Yes, I think every company probably has too many people. I just -- we have to go do the workflows and decide how this works now going forward."