Ford Business Plan

Ford Business Plan-47
The automaker presented the 2019 outlook during the Detroit auto show.

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The company is also in the middle of a massive restructuring with an aim to slash costs by $14 billion over the next five years.

Ford recently announced plans to cut thousands of jobs in Europe as well as discontinuing some unprofitable lines there.

Ford expects financial results in 2019 should be an improvement over the year prior.

The automaker reported it made 92 cents per share in 2018 — down from $1.90 per share in 2017.

We have 16 models that are in design and development.

We have a pretty big surprise coming next year," Hackett told CNBC's Phil Le Beau on the sidelines of the Detroit Auto Show, which kicks off this week.

Barclays analyst Brian Johnson said he's worried Ford "does not have a good handle on either the operational or strategic levers of the global business." On a conference call with Ford executives, Morgan Stanley's Adam Jones said Ford's communication strategy is "just not good enough," and accused Ford of "teasing the market with these very large numbers." He questioned whether CEO James Hackett is going to last in his job.

RBC Capital, Barclays and Craig-Hallum analysts lowered their estimates for Ford's stock. Related: Ford says it will spend billion to remake its business Here's what we know: Ford said it would set aside billion over the next three to five years to reshape the way it does business.

Ford has previously announced its plans to invest billion in electric vehicles by 2022 and produce 40 hybrid and fully electric cars, in a plan to revive its slowing business.

However, the company's chief told CNBC that drivers should be prepared for 'a big surprise' from Ford."We talked about a huge investment in electric vehicles.


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