Ford to invest $50 billion on EV business to compete against Tesla
The automaker aims to produce more than 2 million electric vehicles annually by 2026, representing about one-third of Ford's global volume
Ford Is Aiming At 2 Million Electric Cars A Year And 10% Operating Profit
Ford Motor Company (NYSE:F) is betting hard on e-transport and has set sights on producing 2 million electric vehicles (EV) a year and a 10% adjusted operating profit margin in 2026. The objectives are some of the most ambitious compared to the company’s current outlook.
Ford unveils new structure as it speeds electric car push
Ford announced Wednesday it is creating separate businesses for its conventional and electric-auto operations, as it accelerates its build-out of emission-free vehicles. Under the plan, which sent Ford shares sharply higher, the conventional internal combustion operations will be known as "Ford Blue," while the electric vehicle (EV) products will be…
Ford's fork in the road: EV, internal combustion are split
Ford will split its electric vehicle and internal combustion operations into two individual businesses to accelerate its adaptation of new technology and the Detroit automaker said Wednesday that its ...
Ford plans to produce 2 million EVs annually, generate 10% operating profit by 2026
Both targets would be substantial increases from the company's current operations.
Ford splits electric cars from gas to operate at ‘startup speed’
Ford Model E is the new home of Ford’s electric cars.
Ford Splits Electric, Internal-Combustion Cars Into Separate Businesses
The move should help Ford focus its efforts around increasing its EV presence.
Ford splits electric vehicle, internal combustion into separate units
Ford is splitting its electric vehicle and internal combustion divisions into separate businesses.
Ford Splits Into Electric and Gas Divisions to Speed Up Transition
E.V. operations will focus on technology and growth while the traditional business continues to chase profits. “You can’t have people work on both at the same time,” the chief executive said.
Ford Splits Into Electric and Gas Divisions to Speed Up Transition
E.V. operations will focus on technology and growth while the traditional business continues to chase profits. “You can’t have people work on both at the same time,” the chief executive said.
Ford will split EVs and legacy autos into separate units as it spends $50 billion on electric vehicles
Ford expects the move to streamline its electric vehicle business and maximize profits. "We're going all in," Ford CEO Jim Farley said.
Ford separates electric and internal combustion operations
Ford Blue is the traditional side, powered by internal combustion engines, while Ford Model e is the side that focuses on the burgeoning electric vehicle marketplace.
World News | Ford Splits EV, Internal Combustion into Separate Units
Get latest articles and stories on World at LatestLY. Ford is splitting its electric vehicle and internal combustion divisions into separate businesses. World News | Ford Splits EV, Internal Combustion into Separate Units.
Ford unveils new structure as it speeds electric car push
Ford announced Wednesday it is creating separate businesses for its conventional and electric-auto operations, as it accelerates its build-out of emission-free vehicles.
Ford set to announce plans to run EV, ICE as separate businesses: Report
The two units will have separate names but will remain under the Ford corporate umbrella.
Ford to run EV, internal combustion divisions separately
Ford is splitting its electric vehicle and internal combustion divisions into separate businesses.
Ford splits EV, internal combustion into separate units
Ford said Wednesday it will run its electric vehicle and internal combustion divisions as two separate businesses to accelerate its adaptation of new technology.
last updated on 25 May 16:12