Market News

Ford (NYSE:F) Breaks Ground on Its Most Advanced Auto Facility Yet

Ford Motor (NYSE:F) has started the construction of its $5.6 billion EV facility in BlueOval City. The move is a step towards realizing Ford’s goal of 2 million EVs annually by late 2026.

This will be Ford’s most advanced auto production unit to date.

Additionally, the company is also undertaking a reshuffle at the top in its vehicle development and supply chain operations.

Notably, its CFO John Lawler will oversee supply chain operations till the company locks in on a new supply chain head.

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