Ford Wants to Make a Major Change

Published by
The Street

By Luc Olinga The legacy carmaker is trying everything it can to compete with Elon Musk’s company that dominates the EV market. Ford (F) – Get Ford Motor Company Report wants to put the odds on its side in the battle for leadership in the electric vehicle market. The Dearborn, Michigan-based automaker is looking at anything that can give it an edge over its major rivals. It also wants to get rid of everything that is holding it back against Tesla (TSLA) – Get Tesla Inc. Report, its number 1 rival, according to CEO Jim Farley. Ford began by reorganizing is manufacturing operations. It separated…

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