From our own press release on FLV:
A key driver of the Ford+ plan to grow and create value for customers and other stakeholders…Louis-Victor, 48, who will start with Ford on July 1, 2021 will be accountable for developing and executing a comprehensive strategic plan that includes the company’s existing and emerging portfolio of capabilities in areas like autonomous vehicles and mobility services, as well as Ford’s incubator, Ford X.
“We’re accelerating development of disruptive technologies and focusing on being a leader in areas that enhance always-on relationships with customers and give them increasing freedom of movement,” said Ford President and CEO Jim Farley. “Franck’s got great experience that will help his team and Ford nurture new ideas through the start-up phase, with the best opportunities launched on their own or integrated into our business units.”
FLV and his team have done none of that. Hopefully their PEPs and terminations will happen sooner rather than later. That fixes our $2 Billion loss.