Ford Says It is Laying The Last Cornerstone In Series Of Organizational Changes For Its Ford+ Growth Plan
Portfolio Pulse from Benzinga Newsdesk
Ford has announced a series of organizational changes as part of its Ford+ Growth Plan. Kumar Galhotra will lead Ford's global industrial system as COO, overseeing vehicle hardware engineering, gas and hybrid programs, cycle planning, supply chain, and manufacturing. Doug Field will continue to oversee worldwide electric vehicle programs, development of EV technologies and digital platforms, and Ford's design studios. Andrew Frick will become president of Ford Blue, the customer-centered gas and hybrid business.
October 18, 2023 | 12:04 pm
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Ford's organizational changes as part of its Ford+ Growth Plan could potentially streamline operations and improve efficiency. The focus on both gas/hybrid and electric vehicles indicates a balanced approach to market demands.
The organizational changes at Ford indicate a strategic move to improve operational efficiency and cater to market demands. Kumar Galhotra's role as COO overseeing a wide range of operations could streamline processes. Doug Field's continued oversight of EV programs shows Ford's commitment to the growing EV market. Andrew Frick's role as president of Ford Blue indicates a continued focus on gas and hybrid vehicles, suggesting a balanced approach to different market segments. These changes could potentially have a positive impact on Ford's stock in the short term.
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