Ford CFO on EV Plans, Supply Chain, Battery Materials

The transcript discusses the company's Forward Plus Plan focusing on electrification and digital connectivity. It addresses internal restructuring, job security, and supply chain improvements, particularly in semiconductor chips. The impact of a climate bill and EV tax credits is considered, alongside efforts to secure commodities for EV production. Future plans include expanding the electric vehicle lineup with new models.

What is the primary focus of the company's 'forward plus plan'?

• Cost-cutting measures

• Electrification and digital connectivity

• Expanding into new markets

• Increasing workforce size

How does the company plan to handle workforce changes?

• By outsourcing jobs

• By retraining employees

• By making decisions on their own schedule

• By hiring more staff

What is expected to improve in the second half of the year according to the company?

• Marketing strategies

• Supply chain issues, especially semiconductor chips

• Employee satisfaction

• Product design

What recent legislative development could impact the electric vehicle market?

• Extension of tax credits for electric vehicles

• Increased fuel taxes

• Subsidies for gasoline vehicles

• New import tariffs

What has the company secured to meet its production goals?

• Government contracts

• New factory locations

• Materials for 600,000 batteries annually

• Additional workforce

What is the company's strategy for managing the cost structure of electric vehicles?

• Cutting research and development

• Increasing vehicle prices

• Securing supply and managing commodity prices

• Reducing employee salaries

Which iconic products are mentioned as potential future electric models?

• Ranger and Escape

• Focus and Fiesta

• Bronco and Explorer

• Mustang and F-150