(Bloomberg) -- Ford Motor Co. Chief Executive Officer Jim Farley says “we really have to become more profitable” as it separates the electric-vehicle and legacy operations.
- “We're behind in quality in terms of costs,” Farley said in a Bloomberg TV interview Wednesday
- Much of the $20 billion in newly announced EV spending will be used for battery materials
- Ford CEO says layoffs possible; “everything is on the table”
- “We'll see pressures” from supply-chain disruptions following Russia's invasion of Ukraine
- NOTE: Ford Reorganizes to Run EV and Engine Businesses Separately (3)
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