MAAT INDEX

CLAIM #23809 · Ford Motor Company (F) · 2023Q2 earnings call · Jul 27, 2023 · due Jul 27, 2024

I would add pace of new product introductions for Ford will only accelerate from here.

Jim Farley · CEO

PENDING
graded after results covering Jul 27, 2024 are reported

In context

ar vehicles that stand out from the competition irregardless of their propulsion, and we made sure Ford is profitable as we move through this ICE EV transition. So let me cover a few highlights for each of our business segments. The appeal in pricing power of Ford Blues, iconic vehicles, those Mustang lineups, the Maverick, the F-150, the Explorers, all those cool, new derivatives from Ford, boy, these products remain strong. Ford was America's number one brand in the first half of this year. Also in the first half of this year, our best seller, F-150, by the way, 100% built in the U.S. that our competitors can't say, grew almost three times the rate of the overall pickup truck market. We expect our pricing and revenue to continue in the second half as we have new launches at Mustang. And I would add pace of new product introductions for Ford will only accelerate from here. We plan to introduce, for example, an all-new F-150 and F-150 PowerBoost hybrid at the Detroit Show in September. Now outside North America, the Ranger and its sister product, the Everest SUV, are the backbone of a much stronger, more profitable international business. The all-new version of the Ranger and Everest are most popular and profitable than the previous model, and Ranger alone is now the truck leader and eighth large pickup truck market around the globe. Our aftersales business continues to grow, and we are on track to launch over 2,000 mobile service units by the end of this year. That is unique to Ford. Ford Blues, other top priorities are to follow reduce our cost structure. To do that, we've launched a lean, disciplined operating system that reaches into every one of our pla

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