Ford Restructures EV Unit Amid Leadership Change, Aims for 8% Profit Margin by 2029
Ford Motor Co. is reorganizing its Model E unit and replacing its EV chief, Doug Field, with Kumar Galhotra's team to focus on software-defined vehicles and achieve an 8% adjusted EBIT margin by 2029. The company also announced plans to update a majority of its vehicle portfolio by 2029 and expand electrified powertrains by 2030.
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Topics: EV Strategy Ford Motor Co. Management Changes Organizational Restructuring Profit Margin Targets