Overview
- On the Office Hours: Business Edition podcast this week, Farley called the teardown findings “shocking” and said they humbled leadership.
- Engineers found the Mustang Mach‑E used about 1.6 kilometers more wiring than a Tesla Model 3, increasing weight and requiring a larger, costlier battery.
- The discoveries helped drive Ford’s 2022 creation of its Model E division, which Farley says will keep investing despite losses of more than $5 billion in 2024.
- Ford is pivoting to lower-cost platforms, with a roughly $30,000 midsize electric pickup planned for 2027 and reported plans to use CATL-licensed LFP batteries built in Michigan.
- Farley warned Chinese brands pose an “existential threat,” as Ford trims near-term U.S. EV expectations to about 5% and pauses F‑150 Lightning production, with the Wall Street Journal reporting Ford is considering discontinuing the model.