European automakers are struggling uh to figure out how to effectively deal with the explosive growth of Chinese uh EVs and Phil Leau joins us now with more. Hey Phil, it's still at a small number in terms of pure EVs from China being sold in Europe, but it is growing and it is a concern for European automakers and for European lawmakers who are trying to figure out, well, look, if we jack up the uh tariffs on these vehicles, maybe we won't see as many imported. By the way, for a pure EV, the tariff can be ...

Core Insights - Ford Motor Company is actively participating in the UBS Auto and Auto Tech Conference, highlighting its strategic focus on hybrid and electric vehicle technologies [1]. Group 1: Company Leadership and Strategy - Sherry House, the Chief Financial Officer of Ford, recently celebrated her one-year anniversary with the company, having taken on the CFO role in early February [2][5]. - The company has an advantaged strategy that includes a diverse portfolio in hybrids, electrification, and internal combustion engines (ICE), which provides customers with various choices [7].

Summary of Ford Motor Company Conference Call Company Overview - **Company**: Ford Motor Company (Ticker: F) - **Date of Conference**: June 04, 2025 Key Points Industry and Market Dynamics - The automotive industry is experiencing volatility, with significant changes in tariffs and supply chain dynamics impacting costs and operations [21][22][29] - Ford's strategy includes a mix of hybrid, electric, and internal combustion engine (ICE) vehicles, providing customer choice and flexibility [5][6] Financial Impact of Tariffs - Ford reported a gross impact of $2.5 billion due to tariffs, with a net impact of $1.5 billion, split between materials (steel and aluminum) and vehicle tariffs [21][24] - The company is studying the effects of recent changes in China policy and steel/aluminum tariffs, with more details expected in Q2 earnings [25][28] Supply Chain Challenges - Rare earth minerals are critical for production, with export controls from China causing delays and potential backlogs [31][32] - Ford is managing supply chain issues by exploring alternative parts and expediting shipments when necessary [33] Sales Performance - Ford experienced a 16% year-over-year sales increase in May, with a year-to-date increase of over 6% [47] - The "From America For America" program has positively impacted dealer and customer engagement [46] Cost Management and Competitive Position - Ford is focused on closing a $7 billion cost gap with competitors, emphasizing warranty and material costs as key areas for improvement [49][52] - The company has seen three consecutive quarters of year-over-year cost improvement due to focused efforts on cost reduction [56] Investment Strategy - Ford is adapting its capital expenditures based on market signals, with a focus on electrification while remaining flexible to consumer demand [60][64] - The company has established an internal capital committee to evaluate investment returns across different segments [65] Future Outlook - Ford anticipates continued growth in hybrid sales, with a 25% year-over-year increase [66] - The company is committed to developing new models and technologies, with significant investments planned for the advanced EV development center starting in 2027 [80][81] Partnerships and Collaborations - Ford is open to partnerships with competitors to enhance efficiency and share resources, particularly in non-core areas [74][75] - The company has existing partnerships with Volkswagen and others, indicating a strategic approach to collaboration in the evolving automotive landscape [75] Regulatory Environment - Ford's diverse powertrain strategy allows for flexibility in response to regulatory changes, potentially providing a competitive advantage [83][84] Additional Insights - The cultural shift within Ford includes bringing in specialists for key roles and fostering cross-functional collaboration to enhance decision-making speed [17][19] - The company is focused on transforming its operational processes to achieve higher efficiency and impact, moving beyond incremental improvements [14][15]