Ford to Discuss Latest Battery-Materials Agreements
May 22 2023 - 6:53AM
Dow Jones News
By Will Feuer
Ford Motor said it will discuss the company's latest agreements
for battery raw materials, among other factors at its event
starting at 8:00 a.m. ET on Monday.
The automaker said Lisa Drake, vice president of electric
vehicle industrialization at Ford's EV-focused unit, will introduce
the agreements. The company has said it plans to produce at least 2
million EVs annually by 2026.
The company is also expected to lay out how it plans to achieve
multi-year financial targets.
Ford backed its 2023 expectations for adjusted earnings before
interest and taxes of $9 billion to $11 billion and adjusted free
cash flow of about $6 billion.
Shares rose about 0.8% to $11.74 in premarket trading.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
May 22, 2023 06:38 ET (10:38 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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