Ford Dealt a Huge Blow

The announcement undoubtedly resonated strongly across all floors of Ford. ,F, Headquartered in Dearborn, Mich.

This unexpected news has certainly taken CEO Jim Farley and his team by surprise as they work to close the gap created by Tesla ,TSLA, In the highly competitive and lucrative electric vehicle market.

Farley made Tesla Ford the number one rival. The CEO wants to emerge as the big winner from this rivalry. To do so, he decided to transform Ford from an old automaker into a sort of company between a startup and a large firm. This includes removing too much redundancy and simplifying the decision-making process. In a word, Ford wants to cut its costs drastically.


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