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EconomyBusinessFord Blue and Ford Model e Businesses Announced

Ford Blue and Ford Model e Businesses Announced

  • Ford will reorganize operations to separate its electric and internal combustion engine businesses into different units within the automaker.
  • The company expects the move will streamline its growing electric vehicle business and maximize profits.
  • “We’re going all in,” Ford CEO Jim Farley said in a statement announcing the changes.
  • The company plans to breakout financial results for the new units as well as its Ford+ business by 2023, giving investors greater transparency into the operations.

Source: Press Release

LPH
Layne Heinyhttp://www.layneheiny.com
LPH is a high school physics teacher interested in the Apple iPad and iPhone, Microsoft Surface, Tablet PCs, and other mobile devices. He resides with one large dog who begs for pizza, hamburgers, French fries, and anything else on the dinner table.

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