The company s stock price has roughly doubled since Farley took control of the company Oct. 1. That includes a 12.6% increase last week after the debut of the company s new electric F-150 Lightning pickup truck.
Investors will be watching the highly anticipated investor event to see if Farley can keep up the momentum. He has promised to provide details his management team s direction for the automaker. [It s] a big deal. It s my management team s coming-out party, Farley said last week. Yes, we ve had a couple good quarters. That s great, but really the big test is what s our plan for the company and how it s going to add value.
Ford Aims For An Electric Future But Does Not Have A Deadline
May 25, 2021 at 9:05am ET ++ It will probably be when not selling EVs implies you are dead.
Any automaker that wants to live knows it will have to sell only EVs at some point. What they are trying to manage is how much longer they will still be able to milk their investments in the combustion engine before it dies. Making the most of it may imply they do not have to shrink or go bust with ICE technologies. Ford knows that, but it is starting to publicly admit it after Jim Farley said the F-150 Lightning was the beginning of a new era.
Wall Street Has High Expectations for Ford s Investor Day nbcconnecticut.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcconnecticut.com Daily Mail and Mail on Sunday newspapers.
EV-only future: Ford is working toward selling only EVs in U.S.
Michael Martinez
Automotive News image
DETROIT Ford Motor Co. CEO Jim Farley declared that the 2022 F-150 Lightning was just the beginning of a whole new era at Ford.
That new era may eventually mean an all-electric lineup in the U.S.
While the company hasn t set a target date as rivals, including General Motors, have, it s on that path, said Kumar Galhotra, Ford s president of the Americas and international markets group. I can easily see a point where we d say, Here s the date where we d be all-electric, he told
Ford Confirms It Is Working Towards An All-Electric Future carscoops.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from carscoops.com Daily Mail and Mail on Sunday newspapers.