Posts tagged as: Ford

Ford Reworks Top Management, After Poor Earnings Estimate

Ford has just announced a surprise executive shakeup today where Joe Hinrichs is retiring and Jim Farley will be come the motor company’s chief operating officer role. Before this news, both have been viewed as potential successors to CEO Jim Hackett. Farley will report directly to Jim Hackett, who took the the CEO role at […]

Ford Motor To Speak At Deutsche Bank 2019 AutoTech Conference

Ford executive Marion Harris, until recently a vice president in the company’s Mobility Business Group, will speak at the Deutsche Bank 2019 AutoTech Conference in San Francisco, Calif., on Tuesday, Dec. 10. Harris, who last month was named CEO of Ford Motor Credit Company, will describe how Ford is leveraging the benefits of vehicle connectivity […]

Ford Plans To Cut 7,000 White-Collar Jobs World Wide

Ford revealed details of long-in-the-works restructuring  today. A major part of the plan is cutting 7,000 white-collar workers worldwide – around 10% of its global salaried workforce. Ford says the plan will save about $600 million per year by eliminating bureaucracy and increasing the number of workers reporting to each manager. In the U.S. about […]

Ford Hires Amazon Veteran As New CFO

Ford’s  new chief financial officer is an Amazon finance veteran who led the  Whole Foods acquisition. Tim Stone, 52, starts with Ford on April 15, just in time for the shareholder annual meeting on May 9. Stone, who worked at Amazon from 1998-2018, left as vice president of finance. Previously, he was CFO of Amazon […]

VW Plans To Drop Nearly $2 Billion In Ford Self-Driving Car Unit

Volkswagen Group is preparing to invest up to $1.7 billion in a self-driving joint venture centered on Ford Motor’s Argo AI unit, The Wall Street Journal reported Tuesday, citing sources with knowledge of the discussions. VW is preparing to invest $600 million as an equity investment in Argo, the newspaper said, with each company owning […]

Ford Expands Ride Options With Purchase Of Scooter Share Company Spin

Ford is buying scooter startup Spin as doubles down on its investments in the future of transportation. Terms of the deal were not disclosed, but founder and CEO Euwyn Poon said Ford plans to invest about $200 million in the company as it eyes expanding to 100 markets over the next year and a half. […]

Lincoln, Detroit Symphony Bring Orchestral Alerts To The New Aviator

Lincoln and the Detroit Symphony Orchestra are bringing a new orchestral experience inside the all-new Lincoln Aviator by creating symphonic chimes to replace traditional alerts. The unique chimes recorded by the Detroit Symphony Orchestra will provide musical alerts for drivers of the all-new Lincoln Aviator. The new chimes, selected from literally hundreds of musical combinations, […]

Ford And Baidu To Collaborate On Level 4 Autonomous Vehicle Testing

Ford and Chinese internet services giant Baidu have joined forces to develop self-driving technology. The two firms announced recently that they will jointly test Level 4 self-driving cars in Beijing, initially in a program of two years duration starting in late 2018. A Level 4 self-driving car can operate without a driver in select conditions. […]

Ford Recalls F-150 Trucks Due To Fire Coming From Seat Belts

Some two million Ford F-150 pickup trucks are being recalled by the company after more than 20 reports of smoke or fire coming from the seat belts. The recall, which was announced Thursday, applies to certain Regular Cab and SuperCrew Cab vehicles from model years 2015-18. The problem, according to the company, is with a […]

Ford Celebrates The Roll Out Of Its 10 Millionth Mustang

Ford announced this week that it has made 10 million Mustangs, across 54 years and six generations of one of America’s most iconic muscle cars. Ten million is a big number no matter the circumstance, as most of us are probably be overwhelmed at the thought that there are actually 10 million Mustangs on the […]

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