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DEARBORN — Ford CEO Jim Farley says his company is remaking itself by cutting costs, raising quality and offering software, services and new vehicles that wil

Ford CEO Jim Farley said ahead of the company’s capital markets day event Monday that the days of Ford being all things to all people are over.

Ford executed lithium supply agreements with Nemaska Lithium, SQM, EnergySource Minerals (ESM) and Albemarle to ramp up EV production.

Jim Farley says Ford is remaking itself by cutting costs, raising quality and offering software, services and new vehicles that will make profit margins among the best in the industry.

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Ford is procuring lithium on a large scale for the batteries for its electric cars. The carmaker now signed agreements with five companies. Depending on the supplier, the first battery-grade materials will be delivered to the carmaker between 2025 and 2026. A brief look back: In July 2022, Ford announced…

U.S. automaker Ford Motor has unveiled new supply deals for battery-grade lithium as the U.S. automaker aimed to meet its target

Ford, Jim Farley said, will emphasize software and services as well as iconic vehicles such as pickup trucks, large SUVs, commercial vehicles and advanced second-generation electric vehicles.

DEARBORN, Mich. (AP) — Ford CEO Jim Farley says his company is remaking itself by cutting costs, raising quality and offering software, services and new vehicles that will make profit

Get latest articles and stories on World at LatestLY. Ford CEO Jim Farley says the company will stop competing in over-served market segments and instead will place big bets on connected vehicles and digital services. World News | Ford Says It Will Stop Competing in Over-served Markets, Wont Be All Things to All People.