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Ford Dealt a Big Blow

The announcement little question resonated strongly on all flooring at Ford’s  (F)  headquarters in Dearborn, Mich.

This sudden information has actually taken CEO Jim Farley and his staff abruptly as they work to shut the hole created by Tesla  (TSLA)  within the extremely aggressive and profitable electrical car market.

Farley made Tesla Ford’s primary rival. From this rivalry, the chief government officer needs to emerge as the massive winner. To do that, he determined to rework Ford from a legacy automaker right into a form of firm in between a startup and a giant agency. This includes eradicating a number of redundancy and simplifying the decision-making course of. In a phrase, Ford needs to drastically scale back its prices.

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