Ford Motor Co is undergoing one the biggest transitions in the company’s history with plans of building more software-defined electric vehicles. The automaker plans to sell 600,000 electric vehicles by 2023 and 2 million by 2026. But to reach its electrification targets over the next several years, Ford plans to reduce costs and become a much leaner company.
Eric Walz2022-09-28 12:00 PT
Ford Motor Co is setting up a new division that focuses solely on electric vehicles called "Model e". The dedicated EV unit of Ford will not be a spinoff, dispelling rumors that the automaker would be spinning off its electric vehicle business entirely to better compete with Tesla. Ford's plans include running its Model e EV business separate from its legacy combustion engine business and commercial business.
Eric Walz2022-04-08 11:00 PT
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