FORD MOTOR COMPANY TO PARTICIPATE IN J.P. MORGANíS AUTO CONFERENCE 2018; COMPANY TO SHARE DETAILS ON OPERATIONAL EFFICIENCIES, COMMITMENT TO A HIGH-MARGIN GROWTH PORTFOLIO
AUG 2, 2018 | DEARBORN, MICH.
DEARBORN, Mich., Aug. 2, 2018 Ė On Wednesday, Aug. 8, Hau Thai-Tang, Ford Motor Companyís executive vice president of Product Development and Purchasing, will present at J.P. Morganís 2018 Auto Conference in New York.
Thai-Tang will discuss elements of Fordís previously announced target of $25.5 billion in cumulative cost and efficiency opportunities through 2022, which represents an average annual improvement of about 3 percent in the companyís planned cost base, as well as Fordís plan to allocate capital to its high-margin growth portfolio.
Thai-Tang will provide an overview of how Ford is revamping its product development system to improve efficiency, quality and speed to market, including a move to five modular, flexible architectures from nine global platforms.
In addition to operational improvements, Thai-Tang will discuss the companyís capital allocation strategy to refocus capital on high-margin, high-growth businesses. For example, in 2015, Fordís five-year plan was to allocate 63 percent of product capital to trucks, commercial vehicles and utilities. Fordís updated five-year plan starting in 2019 calls for allocating about 90 percent of product capital expenditures on trucks, commercial vehicles and utilities, delivering vehicles Fordís customers want.
Thai-Tang also will provide a glimpse into the future of Fordís winning portfolio, including the new silhouettes the company is developing to satisfy a broad range of customers.
Fordís presentation will take place from 12:30 p.m. to 1:05 p.m. EDT at J.P. Morganís office in New York City, 383 Madison Ave., and can be accessed on Aug. 8 at shareholder.ford.com
or by clicking on this link.