Ford took a huge hit

The announcement no doubt resonated strongly on all floors of Ford’s (eat) headquarters in Dearborn, Mich.

This unexpected news has taken CEO Jim Farley and his team by surprise as they work to fill the void Tesla is creating (TSLA) in the highly competitive and lucrative electric vehicle market.

Farley made Tesla Ford’s number one rival. From this rivalry, the CEO wants to emerge the big winner. To do this, he decided to transform Ford from an old car company into a kind of company between a startup and a large company. This involves removing a lot of redundancies and simplifying the decision-making process. In short, Ford wants to drastically reduce its costs.

Leave a Reply

Your email address will not be published.