CEO Jim Farley wants Ford to become a far more efficient company, and he needs it to happen quickly.
"We have to change our cost profile," Farley told CNBC after a call with analysts to discuss the quarter's results. "We know what we have to go after. I'd love to give you all the metrics and all the specific gaps we see. But you know, whether it's absenteeism, the number of sequencing centers, the number of wiring harnesses we have, we know what it is."
How did Ford fall more than a billion dollars shy of hitting a profit target it gave Wall Street at the end of October? While discussing the fourth-quarter results with Wall Street analysts, Ford's leadership declined to detail the specific steps it will take to cut costs and make the automaker more efficient and profitable.
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