Ford Motor Co.’s Jim Farley was told recently of a survey that found investors overwhelmingly believe legacy automakers can’t be cost competitive with Tesla Inc.
“I’m with them,” the CEO responded at an industry conference last month. “That’s why we split the business.”
Ford’s radical reorganization last year — cleaving the electric, gas-powered and commercial vehicle operations into quasi-independent businesses — aimed to allow more-targeted investments in high-growth areas, showing how committed the automaker is about catching up in the EV market.
