Disruptions in supply chains are reducing and retail prices for cars are falling, Ford Chief Financial Officer John Lawler said, according to Reuters, taken by Agerpres.

Speaking at a Deutsche Bank investor conference, Lawler explained that the automaker is “seeing a slight reduction in prices that was expected, but it’s not a significant reduction.”

“The consumer is resisting,” a Ford spokesman noted, pointing to the strength and “pricing” of Ford’s Pro (commercial vehicles and services) division.

Lawler said Ford’s recent decision to join Tesla’s network of charging stations for electric vehicles will not require the automaker to make additional capital investments.

Starting next year, Ford EV owners will have access to more than 12,000 Tesla Superchargers in North America.

Lawler said Ford sees continued strength and growth in its combustion engine vehicles “for years to come” as it ramps up investment and production of electric vehicles.

At the same time, the company is focusing on cutting development and production costs by 50 percent for its second-generation electric vehicles, including the successor to the F-150 Lightning model, due in the middle of the decade.

The company recently announced that it expects adjusted operating income of $9 billion to $11 billion this year. That figure includes an expected $3 billion loss in the Model e electric car division.

In the first quarter of 2023, Ford lost more than $60,000 for every electric car sold.

The American automaker has three divisions: Ford Model e (electric vehicles), Ford Blue (internal combustion vehicles) and Ford Pro (commercial and utility vehicles).