"Our cost structure is not competitive," Ford CFO John Lawler said on Yahoo Finance Live (video above). "We know that we [have] about $7 billion to $8 billion that we could take out and improve our competitiveness, and you will see that start to take hold as we get through the rest of the year, into 2024, and beyond."
"This is about 'refounding' Ford," Lawler said about the company's cost cuts and operating structure.
https://finance.yahoo.com/news/ford-cfo-we-are-refounding-the-company-cutting-costs-to-make-ev-business-profitable-142129598.html