Farley mentioned that within the three weeks since Ford resumed North America manufacturing Might 18, the automaker has hit roughly 96 p.c of its deliberate quantity. It is within the technique of including shifts and additional time at crops across the nation and expects to be at pre-coronavirus patterns by July 6.
Ford has mentioned it expects to lose $5 billion within the second quarter due to the pandemic.
Hackett and Farley reiterated that Ford’s upcoming launches of high-profile autos together with the Bronco SUV, F-150 pickup and Mustang Mach-E electrical crossover can be delayed by concerning the two months that its factories had been shut down, however the automaker doesn’t envision additional setbacks.
Ford is getting ready to unveil the next-generation F-150 this month, and it’ll reveal the Bronco in July. Each reveals had been upended by the pandemic.
Whereas Ford not publicly studies month-to-month gross sales, Farley mentioned the corporate’s Might U.S. new-vehicle gross sales rose 44 p.c in contrast with April — an indication that demand was returning following statewide shutdown mandates.
He mentioned F-Sequence gross sales had been up 5.three p.c yr over yr in Might and that Ford gained an estimated 2.four share factors in pickup market share.
Farley mentioned Ford had a roughly 73-day provide of F-Sequence pickups and has flipped “plenty of models” from fleet to retail to maintain up with a scarcity of stock on dealership heaps due to the manufacturing halt.
The automaker is getting ready to ramp down manufacturing of the present mannequin because it adjustments over to the subsequent era, due out this yr.
“We really feel nice about the place we’re on F-Sequence,” Farley mentioned.