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Ford's Advanced EV-and-Tech Chief to Leave the Company
Ford said the new unit will oversee an 8% adjusted EBIT margin target by 2029 and a major rollout of products, software and services.
- On Wednesday, Ford announced that Chief EV, digital and design officer Doug Field has 'elected to leave the company after a transition over the next month,' with his duties assumed by Chief Operating Officer Kumar Galhotra.
- Ford aims to integrate its previously separate EV and software teams with global manufacturing operations to achieve an 8% adjusted EBIT margin by 2029. CEO Jim Farley described the new structure as an 'end-to-end organization.'
- Under Field's leadership, the automaker developed the Universal EV Platform and a 'skunkworks' project for low-cost electric vehicles. Alan Clarke, vice president of Advanced Development Projects, will continue overseeing the California-based team.
- By 2029, Ford plans to refresh 80% of its North American vehicle lineup and 70% of its global portfolio by volume. The company commits to offer electrified powertrains on 90% of global nameplates by 2030.
- Ford is launching a $30,000 midsize electric pickup next year to compete with Chinese manufacturers. While Farley said the company is on the path to becoming 'fully competitive,' analysts warn the intense product launch cadence poses a test.
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Total News Sources14
Leaning Left5Leaning Right1Center6Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 42%
C 50%
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