Ford Accelerates Shift to EVs With $20B Reorganization

Ford is refocusing its EV strategy by investing $20 billion to enhance its global production facilities. The company aims to align its business model with Tesla's by restructuring and hiring specialized talent from Silicon Valley. Ford's stock has seen significant growth, and the company is committed to building new battery plants. The overall goal is to ensure Ford's global business is competitive in the EV market.

What is the primary goal of Ford's $20 billion investment in EV production?

• To retrofit facilities for EV manufacturing

• To compete with General Motors

• To increase traditional vehicle production

• To expand into new markets

How is Ford planning to change its approach to hiring talent?

• By hiring from Silicon Valley and beyond

• By focusing on local talent in Detroit

• By recruiting only from within the company

• By outsourcing all hiring processes

What has been the trend in Ford's stock price over the last 12 months?

• It has fluctuated without a clear trend

• It has remained stable

• It has decreased significantly

• It has increased from $10 to $25

What is included in Ford's $30 billion EV CapEx plan?

• Investing in autonomous vehicle technology

• Acquiring new companies

• Building three battery plants and an EV plant

• Expanding traditional vehicle production

What is Ford's strategy to overcome engineering and manufacturing challenges?

• To reduce investment in EVs

• To outsource all manufacturing

• To follow Tesla's business model

• To focus solely on traditional vehicles