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Ford sees FY23 capital expenditures $8B-$9B
The Fly

Ford sees FY23 capital expenditures $8B-$9B

Says expects big strong year for share growth. Says Ford Blue is a growth business for the foreseeable future. Says has been number one in recalls over last two years which is unacceptable. Says EV sales growth is twice the rate of the EV segment. Says remains on track to realize annual EV production of 50,000 per month. Says software and experiences will be key differentiator for the industry. Says 2022 results fell short of expectations. Says has more work to do in China. Says 2023 is a pivotal year. Comments and guidance taken from Q4 earnings conference call.

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