MAAT INDEX

CLAIM #23804 · Ford Motor Company (F) · 2023Q2 earnings call · Jul 27, 2023 · due Jul 27, 2028

we expect to quadruple our hybrid sales in the next five years

Jim Farley · CEO

PENDING
graded after results covering Jul 27, 2028 are reported

How to check this claim

Look at: Ford hybrid vehicle sales volume (annual, U.S. or as reported)

It came true if: Annual hybrid sales >= 4x the 2023 baseline hybrid sales figure

Where: Company-disclosed sales results (10-K, sales release, or investor commentary)

In context

advantage. We are now offering Mach-E with LFP technology for sale in the U.S. With the addition of Tesla Superchargers and the Fast Chargers that our dealers are installed, the Blue Oval charging network will be the single largest integrated fast charge network across the U.S. and Canada, and this blanket coverage from tens of thousands of fast chargers is core to our strategy. It helps us with smaller, lower cost and faster charging batteries. We have the flexibility to offer customers choice of ICE, hybrids and full electrics in the years to come. Our hybrid offerings are extremely popular. F-150 is the best-selling vehicle in the U.S. for 46 years, 10% of all F-150s and 56% of all Mavericks sold in the U.S. are sold as hybrids. We are adding hybrid options across our ICE line-up, and we expect to quadruple our hybrid sales in the next five years, and we're already number two in the market last year. Starting January 01, we moved to a new retail model for Model e, way ahead of our competition, again, a differentiated model that will deliver non-negotiated price, a simple shopping and ownership experience and remote services for all of our customers. This is critical to a conquest digital brand. And finally, with these new models, we are nimble and we can adapt to the market fluctuations real time, and you've seen this with both the Mach-E and the Lightning as we are adding enormous capacity to meet pent-up demand. We are optimizing for the long-term value creation. More than 60% of Mach-E and half of Lightning customers are new to Ford. These new customers have significant lifetime value potential beyond because of the shippable s

Verify independently

SEC filings for F · Claim quote is verbatim from the 2023Q2 earnings call.