"Farley has said he intends to fund that EV expansion by transforming Ford Blue into “the profit and cash engine for the entire enterprise.”"
“We absolutely have too many people in some places, no doubt about it,” Farley said in response to a question from Morgan Stanley analyst Adam Jonas. “We have skills that don’t work any more, and we have jobs that need to change.”
"Farley is seeking $3 billion in cost cuts, primarily from the newly named Ford Blue unit..."
"The automaker plans to spend $50 billion in the coming years so Ford can pump out 2 million electric vehicles a year by 2026..."
"“The tension point for us, though, is complexity. Ford is way too complex,” Farley said. “We are planning much less complexity in our Blue business and that is a theme that will run through Blue for years to come.”"
"“We know our costs are not competitive at Ford,” Farley told the analysts. “We are not satisfied.”"
- taken from Bloomberg.com