Ford CEO Jim Farley on near $2B electric vehicle investment

How confident are you that you can turn a profit with this new system given the fact that you lost $1.3% billion on EVs last quarter. >> We did. You're right.You know, this is our next cycle of product. Uh we've done a lot of homework for three years. We had the best talent on the planet to compete and beat BYD. We benchmark everyone on the planet.We know exactly the cost level we need to be at the kind of efficiency on engineering 40% faster to build the vehicle radically you know it's more simple parts on ...