The turnaround at Ford Motor is finally starting to take hold — but there is still a lot of work ahead, says CFO Bob Shanks.
The turnaround at Ford Motor is finally starting to take hold, chief financial officer Bob Shanks told CNBC on Thursday.
"The ship is starting to turn after a lot of work on the fitness of the business, rethinking the product portfolio, working on a number of alliances," Shanks said on"Closing Bell" shortly after the company released its first-quarter earnings report. Looking forward, Shanks said he anticipates Ford will improve on the results the company delivered last year. But he acknowledged the turnaround is far from complete.
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