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CLAIM #23892 · Ford Motor Company (F) · 2023Q4 earnings call · Feb 6, 2024 · due Dec 31, 2024

So we expect to see substantial unit volume growth.

Marin Gjaja · COO of Model e

PENDING
graded after results covering Dec 31, 2024 are reported

In context

e interest because the cost of ownership is advantageous for some, but we're also expanding in Europe quite a bit our electric offering with our two Transit vans coming online. And so that will definitely -- and there are a lot of city closures and other kind of regulations in Europe that's driving adoption for electric vehicles, especially vans specifically. So yes, we'll have very robust growth in our EVs for Pro. Marin Gjaja: Yes. We expect growth in sales on the retail side as well. Remember, we had times where we were out of production last year on Mustang Mach-E and F-150 Lightning. So we'll be overlapping those, we'll see growth. And then more importantly, we're launching Explorer in Europe in the second half of this year so that's going to be a new offering that will help us grow. So we expect to see substantial unit volume growth. James Picariello: And John, I know you touched on this already but are supplier cost reductions a core component of the $2 billion in savings for the year? Just wondering how commercial negotiations have progressed? And are there any areas that stand out in terms of opportunity? John Lawler: Yes. A lot of the $2 billion is, again, through the manufacturing system so it's the industrial efficiencies that we've been working on. And then from a design and material standpoint, it's mostly design reductions that are part of the $2 billion on a year-over-year basis. So it's those actions that we've been benchmarking and working on similar to the ideas that Kumar had described, pretty much design-related. Jim Farley: So design, labor and freight, yes primarily. James Picariello: Thanks. Operator

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SEC filings for F · Claim quote is verbatim from the 2023Q4 earnings call.