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Ford CEO promises ‘year of action’ as he accelerates company restructuring and transition to EVs

February 4, 2021


DETROIT – Ford Motor CEO Jim Farley is promising something Wall Street has been asking from the storied American car manufacturer for years: A clear and decisive plan as the auto industry transitions to electric vehicles.

In the coming months, Farley said he “will lay out the entire picture” for Ford. Until then, he’s continuing to make progress on restructuring actions and business deals such as a partnership announced earlier this week with Google for cloud services and in-car infotainment.

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