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.

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