Inside a 111-year-old former Detroit train station, Jim Farley is charting a path for the auto giant's next 100 years. Here's our video interview with the Ford CEO.
Inside a 111-year-old former Detroit train station, Ford CEO Jim Farley is charting a path for the auto giant's next 100 years. "The building has really been revitalized physically, but what's important is that it will have software people here, the future of our pro and our EV business will be down here," Farley told me in a new episode of Yahoo Finance's Opening Bid podcast .
Close to $1 billion of renovation work later, the rehabbed Michigan Central Station is now the center of a new mobility innovation district. Over time, Ford envisions the mixed-use site to include hotel and retail options to lure in vital tech talent to the rebuilding city. Ford's stock has downshifted in the past two years as the company dealt with issues like quality control, a slowdown in the EV market, and losses in the EV business. Under Farley's watch, Ford debuted the Mustang Mach-e SUV and Lightning F-150 pickup to compete in an EV market led by Tesla .
"If Ford can continue executing in the coming quarters, the stock should benefit from positive EPS revisions and an increasingly compelling case for multiple expansion post last year’s re-segmentation — all anchored by a strong B/S & improved FCF conversion," Citi analyst Itay Michaeli wrote in a recent client note.
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