Here are some fun comments he made:
“Farley told the Wolfe Research virtual global auto technology conference Feb. 23 that the company could hit Tesla-like profit margins by using common electric motors, electronic components and other parts across all sizes of vehicles.
But to do that, Ford needs radically different human talent than it now has, Farley said in a surprisingly candid interview with analyst Rod Lache. He also said the company has too many people and too much complexity, and it doesn’t have the expertise to transition to battery-electric vehicles.
Ford, Farley said, can’t just pivot from internal combustion engines to battery-powered vehicles
But “I can’t turn to the ICE organization and say ‘go be Tesla.’ They may do it on the (auto) body. They may do it in plant operations, but that’s not good enough,” he said, without giving specifics of what changes are coming.”
https://www.ttnews.com/articles/ford-ceo-farley-no-plan-spin-ev-business
Combine this with new reports that Tesla could be building a Giga Shanghai factory 2.0 to eventually reach a production output of 2M vehicles a year it doesn't look great for legacy auto. Keep in mind using January numbers Tesla is already at a run rate of 840k in Shanghai and is increasing its Fremont capacity from 400k to 600k. With Austin and Berlin just around the corner, 1.6M does not seem unreasonable this year by any margin.
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