Ford's Organizational Shift: CEO Jim Farley Ensures "Right People With The Right Talent In The Right Places"
Portfolio Pulse from Nabaparna Bhattacharya
Ford Motor Company (NYSE:F) has announced a series of organizational changes as part of its Ford+ growth plan. Kumar Galhotra, former head of Ford Blue, becomes COO and will lead Ford's global industrial system. Doug Field continues as chief EV digital and design officer. The changes aim to improve financial performance and investments in disruptive technologies. The announcement follows a warning from Bill Ford about the potential impact of the ongoing strike on the American automotive industry. Ford shares are trading lower by 1.70% to $11.84.
October 18, 2023 | 4:30 pm
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Ford's organizational changes aim to improve financial performance and investments in disruptive technologies. However, the ongoing strike in the automotive industry could negatively impact the company. Ford shares are currently trading lower.
The organizational changes at Ford are a strategic move to improve the company's financial performance and increase investments in disruptive technologies. However, the ongoing strike in the automotive industry poses a significant risk to the company's operations and could negatively impact its stock price. This is reflected in the current lower trading of Ford shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100