2023 Outlook and Advancing The Ford Plan: Electrification
Ford
2023 Outlook (SB)
Headwinds
Expected mild U.S. recession, moderate Europe
recession
Adjusted EBIT
2023 Outlook
$9B to $11B
2022 Actual
$10.4
•
Higher incentives across the industry as supply and
demand come back into balance
Adjusted FCF
Capital Spending
~$6B
$8B to $9B
$9.1
$6.5
·
Ford Credit EBT of $1.3B, down $1.4B
·
•
·
Continued strong dollar
About $2B lower past service pension income
Continued investments in growth, including in
customer experience, connected services, and
capex
Tailwinds
•
Improvement in supply chain and industry volumes
(U.S. SAAR ~15M units, Europe SAAR ~13M)
Launch of all-new Super Duty
Lower cost of goods sold, including efficiencies in
materials, commodities, logistics and other parts of
our industrial platform
SECRET
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