1 Major Takeaway From Ford Motor Company's Strategic Update

1 Major Takeaway From Ford Motor Company's Strategic Update

Investors had waited anxiously to hear what Ford Motor Company's (NYSE: F) newly appointed CEO, Jim Hackett, would lay out in his strategic plan after 100 days on the job. Unfortunately, the plan, which Hackett delivered in a presentation on Tuesday, was initially met with some skepticism due to the lack of specific details and a vague grand-scheme strategy for a rapidly evolving automotive industry.

Let's take a look at one of the near-term core takeaways from the presentation, and at why investors should cut the strategic plan a little bit of slack -- at least for now.

In an attempt to sum up Ford's grand strategy moving forward, the presentation outlined five basic principles. In the company's words:

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Source: Fool.com