Ford's reorganization aims to boost efficiency but raises concerns over EV leadership exit.

Ford Motor Company announced a major internal reorganization to streamline vehicle design, development, and industrialization under COO Kumar Galhotra. This move integrates the Electric Vehicle, Digital, and Design teams with the global industrial system to accelerate the Ford+ plan and target an 8% adjusted EBIT margin by 2029. UBS analysts see potential efficiency gains and better digital integration but express concerns about the departure of Doug Field, Ford's chief EV officer, which could impact confidence in Ford's EV strategy. Following the announcement, Ford shares fell 1.6%.