Ford Motor Co. (NYSE:F) announced on Wednesday a reshuffling of personnel and teams, with the company’s EV chief, Doug Field, departing his role as the carmaker shifts focus to software-defined vehicles.
Ford Announces Product Creation and Industrialization Department
In an official statement, the company shared that it was establishing a new department within its ranks. Dubbed the “Product Creation and Industrialization” department, it would be led by Ford’s Chief Operating Officer, Kumar Galhotra, and integrates the company’s “Electric Vehicle, Digital and Design team with its global Industrial System,” Ford said. Field, on the other hand, will depart after a month-long transition period.
The move is also focusing on Ford’s target to achieve 8% adjusted EBIT margin by 2029. Farley, in the statement, said that the change represented the “modern Ford,” offering “high-quality, software-defined vehicles,” with multiple powertrain options and “distinctive digital experiences.”
The Detroit-based automaker reported mixed fourth-quarter 2025 earnings, with its revenue of $42.45 billion beating market estimates of $41.53 billion. However, …
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