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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