“So we're not walking away from the 8% in '26, and we're going to continue to work on that.”

In context

“o suppliers or to your infrastructure to be capable of hitting that? And are you still committed to the 8% margin target? A - John Lawler Yes. Rod, it's John. So we're not walking away from the 8% run rate in 2026. We've got several years to work that. It may look a little bit different than we shared at Capital Markets Day, but there's levers that we will. We don't necessarily have to spend at the same rate. Some of the battery factories to be flexible. The transition from components to electrical components is optional from a timing standpoint, so we can make those changes. And as Jim said, we've got the team working on that second generation of products, which is critical, and we have to work this in understanding whether pricing is settling and coming up with the right value equation. So we're not walking away from the 8% in '26, and we're going to continue to work on that. Jim Farley: As far as the volume trade-off, Rod, is interesting. The elasticity model that we're now building because of our high volume, we're at the middle part of the year this year. We filed about 120,000 EV. We're learning a lot about that elasticity between price and volume. It's actually not as different than ICE than we thought. So we have a lot of information that didn't have a year ago on the volume trade-off profit optimization, plus all the levers that John talked about on the 8%. Operator: The next question comes from Dan Levy with Credit Suisse. Please go ahead. Dan Levy: Dan Levy with Barclays. Wanted to ask, Jim, on a comment you made earlier about plan to quadruple your number of hybrids. I don't remember what the base plan is, but just tying into maybe Rod's question, wo”