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Ford names ex-Lucid Motors exec as next CFO, promotes current chief - TL;DR CNBC

Ford names ex-Lucid Motors exec as next CFO, promotes current chief

Publishing timestamp: 2024-05-10 12:24:39


Summary

Ford Motor names former Lucid Motors CFO Sherry House as new CFO, while current CFO John Lawler becomes vice chair. Ford is focusing on electric vehicles and expects its EV business to lose between $5 billion and $5.5 billion this year. House brings leadership experience from Lucid Motors, Waymo, and General Motors to help Ford build a profitable EV business.


Sentiment: NEUTRAL

Tickers: GMFLCIDGOOGL

Keywords: breaking news: businesstechnologyclimategeneral motors cotransportationautosbusinessalphabet incbreaking news: technologyford motor cobusiness newslucid group inc

Source: https://www.cnbc.com/2024/05/10/ford-names-ex-lucid-motors-exec-as-next-cfo-promotes-current-chief.html


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