On Wednesday, Aug. 8, Hau Thai-Tang, Ford Motor Company’s executive vice president of Product Development and Purchasing, will present at J.P. Morgan’s 2018 Auto Conference in New York.
Thai-Tang will discuss elements of Ford’s previously announced target of $25.5 billion in cumulative cost and efficiency opportunities through 2022, which represents an average annual improvement of about 3 percent in the company’s planned cost base, as well as Ford’s plan to allocate capital to its high-margin growth portfolio.
Thai-Tang will provide an overview of how Ford is revamping its product development system to improve efficiency, quality and speed to market, including a move to five modular, flexible architectures from nine global platforms.
In addition to operational improvements, Thai-Tang will discuss the company’s capital allocation strategy to refocus capital on high-margin, high-growth businesses. For example, in 2015, Ford’s five-year plan was to allocate 63 percent of product capital to trucks, commercial vehicles and utilities. Ford’s updated five-year plan starting in 2019 calls for allocating about 90 percent of product capital expenditures on trucks, commercial vehicles and utilities, delivering vehicles Ford’s customers want.
Thai-Tang also will provide a glimpse into the future of Ford’s winning portfolio, including the new silhouettes the company is developing to satisfy a broad range of customers.
Ford’s presentation will take place from 12:30 p.m. to 1:05 p.m. EDT at J.P. Morgan’s office in New York City, 383 Madison Ave., and can be accessed on Aug. 8 at shareholder.ford.com or by clicking on this link.
