00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Ford said Doug Field, its chief EV, digital, and design officer,
00:07will leave after a one-month transition as the company restructures its executive team and
00:11operations. The automaker introduced a new product creation and industrialization organization
00:17led by Kumar Galhotra that will integrate Field's responsibilities with its global
00:21industrial system group. Ford said the changes support its Ford Plus plan,
00:25which targets an 8% adjusted EBIT margin by 2029. The company is preparing to launch a mid-size
00:32electric pickup on its UEV platform next year and plans to refresh 80% of its North American
00:37portfolio by volume by 2029. Ford also aims for 90% of global nameplates to offer electrified
00:44powertrains by 2030. For all things money, visit Benzinga.com.
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