CLAIM #23883 · Ford Motor Company (F) · 2023Q4 earnings call · Feb 6, 2024 · due Dec 31, 2024
“So these are the kinds of very robust ideas we have in the hopper, along with less inflationary claims, along with a stable supply chain that's going to help us close that gap that John mentioned and save $2 billion this year.”
Kumar Galhotra · COO
In context
“r year. Another category is where we are providing certain features to our customers where they're not finding a lot of value. And connected vehicle data here is very important because it helps us see what we're providing, whether the customers are using it or not. So one example is an auto part feature that lets the customer parallel park automatically. Very, very few people are using it. So we can remove that feature. It's about $60 per vehicle, another $10 million per year. We're doing very extensive benchmarking for our manufacturing, both internally because we have lots of good ideas within our system and externally at a station-by-station level. So just recently, one of the teams completed analysis of about 50 stations and saved about $8 million. And I already mentioned the freight. So these are the kinds of very robust ideas we have in the hopper, along with less inflationary claims, along with a stable supply chain that's going to help us close that gap that John mentioned and save $2 billion this year. Dan Levy: Great. Thank you. Operator: The next question is from Emmanuel Rosner with Deutsche Bank. Please go ahead. Emmanuel Rosner: Thanks so much. I was actually hoping to pick it up just where you left off on all that good color on the cost side. Are there any green shoots that you can sort of point us to, to give us increased conviction around some of these costs? Obviously, in 2023, cost was still a fairly major drag and that includes even in the fourth quarter. So like any in your reporting, any of these markets that we should be watching in terms of what will actually provide the tailwind, the $2 billion-plus in 2024? Kumar Galhotra: It's just fundamentally the things I talked about. We have a very robust hopper of ideas that we're very busy executing. Stability in supply chain, r”
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SEC filings for F ↗ · Claim quote is verbatim from the 2023Q4 earnings call.