Like other established automakers, Ford has a workforce largely hired to support a traditional combustion technology product lineup. Going forward, Farley has mapped out a strategy for Ford to develop a broad lineup of electric vehicles. Like Tesla, Ford wants to generate more revenue through services that depend on digital software and connectivity.
Tesla’s pre-tax profit margins have exceeded Ford’s this year, and Farley has been blunt about the need to cut costs.tap here to see other videos from our teamIn Monday’s email to staff, Farley and Ford said the company’s cost structure “is uncompetitive versus traditional and new competitors.” Ford has begun separating its operations into electric, combustion engine and commercial vehicle operations. Farley said in July “cost reduction will happen” in the combustion operations. But Ford said on Monday the staff cuts will affect all parts of the company.
The death knell of Ford. From mass production to rapid destruction. I'm waiting for an auto manufacturer that proposes a VIABLE alternative....
Oh yeah. 'Green energy will be a job creator.' Uh huh.
Creates jobs for those who are educated and want to work. North American car manufacturers have been a joke for tens of years.
let the company go belly up so tired of seeing federal & provincial Gov't give these Auto makers billions of dollars
These cars will cost 75 grand a pop. They are not coming down.
Green is just the latest and greatest scam to extort our tax dollars and tighten population controls.
But wait green is supposed to make jobs
HOPE THEY GO BANKRUPT! BUT THEY WON'T BECAUSE THERE USING OUR TAXPAYERS MONEY! THANKS TO THE TRAITORS TRUDEAU AND FORD!
Selling cars, that no one can afford and now laying off employees!1
But I thought going green was going to create jobs🤣🤡
Well gee. Dont these cars seem to be just doing great things for our world