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The planned strategic overhaul includes significant accounting charges—pre-tax charges of around $19.5 billion—with the majority being non-cash. Farley pointed out that these charges, while substantial, are part of a broader plan that he believes will ultimately enhance Ford’s profitability. The move involves discontinuing certain high-end EVs that were earlier part of Ford's blueprint and doubling down on vehicles that Ford knows best—affordable trucks, vans, and hybrid models.