Ford CEO will reassess tram strategy due to high electric vehicle costs. Ford CEO Jim Farley stated on Tuesday (February 6) that the company is considering adjusting its electric vehicle strategy, including reassessing vertical integration needs in the battery sector. On Tuesday, Ford announced its performance for the fourth quarter of last year, with an adjusted earnings per share of 29 cents, far exceeding analyst expectations of 13 cents; Adjusted EBITDA was $1.1 billion, exceeding analyst expectations of $997 million. However, Ford Model E, the electric vehicle division, remains a drag on the overall business, with a fourth quarter loss of $1.57 billion, higher than analyst expectations of $1.34 billion. In contrast, Ford Blue's internal combustion engine business had a fourth quarter revenue of $26.2 billion and a profit of $813 million; Ford Pro, Ford's fleet service business, achieved revenue of $15.4 billion and profit of $1.8 billion in the fourth quarter, an 11% increase from the same period last year.