Page 27 - Stuart Rowley News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Ford is dividing its operations into three separate automotive units: its existing commercial arm as well as two new ones: Ford Blue and Ford Model e.

Ford Model e will handle EVs and tech, Ford Blue will handle ICE products and owner experiences

Ford Ford Blue and Ford Model e will operate as distinct businesses, but share relevant technology and best practices to leverage scale and drive operating improvements; along with Ford Pro, all three businesses are expected to have discrete P&Ls by 2023 Accelerates Ford+ plan to unlock growth and create value for Ford’s shareholders: total company adjusted EBIT margin of 10% and annual production of more than 2 million EVs by 2026; expect EVs to represent half of global volume by 2030

Ford today announced a significant restructuring to better focus on the different challenges and opportunities with electric vehicles and internal combustion engine (ICE) vehicles. The two units will operate under Ford’s existing corporate umbrella, and at this time, the company is not spinning out any units as rumors previously suggested. The two units are called […]

Since IG Metall works council representatives agreed to the “bidding war” between Ford plants in Germany and Spain, they have offered wage cuts, longer working hours, shorter breaks, unpaid overtime and further social cuts.