Albemarle Establishes Strategic Agreement With Ford Motor Company
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CEO Jim Farley says Ford (F) will stop competing in over-served markets
May 22, 2023 11:06 AM EDTFord (NYSE: F) CEO Jim Farley revealed at the Detroit automakers capital markets day Monday, that the company will stop competing in over-served market segments and instead will place big bets on connected vehicles and digital services.
Farley said the company has been stuck in a box, with thin profit margins, weak growth and low stock valuation.
The CEO said that Ford will emphasize software and services as well as iconic vehicles... More
