Field, Doug (Automotive Executive)

Ford Splits Into Electric and Gas Divisions to Speed Up Transition

In making gas-powered vehicles, Ford must focus on reducing costs and generating the profits it needs to fund its E.V. plans. Over the next four years, Ford aims to trim costs for its internal-combustion models by $3 billion, with some cuts coming through job reductions, Mr. Farley said. The electric business, in contrast, will have […]