“I’m very optimistic about the reality we’re creating with Ford+,” said President and CEO Jim Farley.
“We’re building a more dynamic, highly talented and customer-focused company at the intersection of great vehicles, iconic brands, innovative software and high-value services.

“We’re also radically changing how we work with a series of actions that put the right people with the right capabilities in the right places across the organization, so that our promise isn’t masked by cost and quality issues,” Farley claimed.

Ford posted third-quarter US sales increases in its gas, hybrid and electric vehicle lines; continued the lead of F-Series as America’s No. 1 truck, now in the 47th straight year; and was the top-selling brand in the United States through the first nine months of 2023.

Cash flow from operations was $4.6 billion in Q3 and $12.4 billion through the first nine months of 2023. Adjusted free cash flow for the same periods was $1.2 billion and $4.8 billion, respectively.