Ford's Electric Vehicle (EV) Unit is undergoing significant changes as the company's Chief of EV, Doug Field, departs. In a move to revamp its EV strategy, Ford has announced a restructuring of its EV unit, aimed at improving efficiency and profitability. The automaker is now targeting an 8% profit margin for its EV business, a significant increase from its current levels. As the EV market continues to grow, Ford's efforts to adapt and compete with industry leaders will be closely watched, with implications for the company's future prospects and its position in the rapidly evolving automotive landscape.
Ford Restructures EV Unit as Chief Departs, Targets 8% Profit Margin National Today
