Jim Farley, CEO of Ford Motor Co., reflects on his five years leading the automaker, focusing on making Ford more efficient, improving quality, and growing profit margins in the face of industry-wide challenges. Despite ongoing obstacles, Ford’s total shareholder return is up by roughly 134% over the past five years.
Ford’s stock has outperformed its global competitors, excluding Tesla, with a total shareholder return of 134% over the past five years. Farley took over as CEO in 2020, leading the company through restructuring and improvements in quality and costs. Ford aims to continue enhancing performance and shareholder value, despite ongoing challenges and recalls. Ford, under Farley, is facing challenges with their all-electric vehicle plans, taking a $2 billion hit last year due to delays and cancellations. Sales of EVs may drop from 10-12% market share in September to 5% after the end of federal incentives. Ford is also dealing with tariffs and regulatory changes, but sees potential benefits from policy shifts, including the commercial Pro business.
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– Tesla’s stock jumped 8% as the company reported record quarterly profits of $1.1 billion.
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– Apple announced a 7% increase in quarterly revenue, driven by strong iPhone sales.
– Amazon reported a 48% increase in quarterly profits, surpassing expectations.: Ford CEO Jim Farley on EVs, cutting costs and other ‘surprises’
