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Ford CEO says carmaker is 'under-earning' on EVs and petrol models
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MICHIGAN • Ford Motor Co's head has made a case for significantly restructuring the 118-year-old automaker for the electric age and acknowledged the company is "under-earning" on all its vehicles.
In a scathing assessment reported by Bloomberg, Ford chief executive Jim Farley said: "We have too many people, we have too much investment, we have too much complexity and we don't have expertise in transitioning our assets."
