Jim Farley, the CEO of Ford Motor Company (NYSE: F), has changed its company’s structure to improve autonomous vehicle development and enhance technology development. Farley hopes to achieve this through Ford Next, which Franck Louis-Victor heads. The unit is to create startups based on mobility services. So far, it has successfully initiated a collaboration with ADT Inc.
Moreover, Farley has split the company’s operations into Ford Blue and Ford Model e. Ford Blue is in charge of traditional vehicles, while Ford Model e concentrates on making electric cars. Farley also made Ford Pro, which deals with commercial trucks and vans, a highly profitable division for Ford.
Ford is one of the most-watched stock
With the moves the company is making, it is no surprise that it has become one of the most-watched stocks. For this reason, many analysts are speculating on which direction Ford stock could go.
Analysts believe that Ford Stock could be a good buy for investors as its performance rises. Furthermore, the company has surpassed its EPS estimates for the past four years. Ford also seems to be making the right decisions as it ventures into the electric vehicle space.
Ford has also revealed seven new electric cars and plans for a battery plant. The company has also made a $2 billion investment in electric cars in Europe. All these moves are to help Ford cement itself in the electric car space.
In addition, Ford intends to create four electric models of its iconic brand Transit. These vehicles will be released by 2024 and sold across Europe.
Three cast members of the Godfather reunite at the Oscars
Meanwhile, Francis Ford Coppola, Robert De Niro, and Al Pacino have reunited at the Oscars fifty years after the release of The Godfather. The three veteran actors were together at the 94th Academy Awards to celebrate the 50th anniversary of the movie.
Coppola thanked De Niro and Pacino for the supper as they celebrated the movies they’d made together. He also thanked Mario Puzo, who had written the original book on The Godfather. Puzo also wrote the screenplay. Coppola went on to thank the movie’s producer, Robert Evans. At the end of his speech, he expressed his support for Ukraine.
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