Posts filtered by tags: Jim '' Hackett[x]


 

Ford names Amazon and Snap veteran Tim Stone as new CFO, continuing the company's push closer to Silicon Valley (F)

Longtime Ford exec Bob Shanks is retiring after over 40 years with the automaker. He's being succeeded by Tim Stone, who spent 20 years at Amazon before a brief stint at Snap that ended in early 2019. Stone's hiring continues CEO Jim Hackett's drive to push Ford closer to Silicon Valley. Shanks was a true gentleman of the car business and will be missed — but he can look forward to a well-deserved retirement. Longtime Ford CFO Bob Shanks officially announced his rumored retirement on Thursday...
Tags: Amazon, Facebook, US, America, Trends, Ford, Silicon Valley, Detroit, Tim, Steelcase, Jim Hackett, Hackett, Silicon Valley Read, Shanks, Tim Stone, Bob Shanks


Ford CEO Jim Hackett pay raise means he earns 276 times more than median employee

Ford revealed executive compensation packages with pay raises for everybody, and then announced 5,000 job cuts in Germany and the UK.            [Author: Detroit Free Press]
Tags: UK, News, Germany, Ford, Detroit Free Press, Jim Hackett


Ford’s Axe Falls in Germany

After a fiscally damaging year that Ford CEO Jim Hackett implored employees to forget, cuts are coming to the automaker’s workforce, and America won’t be spared. But America can wait, as that region remains a major profit generator. Other regions aren’t, and the automaker’s axe has already fallen in South America. Now it’s Germany’s turn, […] The post Ford’s Axe Falls in Germany appeared first on The Truth About Cars.
Tags: Europe, Jobs, Germany, America, Ford, Autos, South America, Jim Hackett, Ford Europe, News Blog, High Finance, Restructuring


Ford chief took home nearly $18 million as company expected to cut thousands of jobs

Ford CEO Jim Hackett, who began overhauling the carmaker's business plans last year, took home a 2018 compensation package worth nearly $18 million.
Tags: News, Ford, Stories, Jim Hackett


Ford chief took home nearly $18 million in 'challenging' year

Ford CEO Jim Hackett, who began overhauling the carmaker's business plans last year, took home a 2018 compensation package worth nearly $18 million.
Tags: Cnn, Ford, Jim Hackett


Hackett’s Still in Bill Ford’s Good Books

We told you the other day about Ford CEO Jim Hackett’s latest attempt to placate employees who might hold reservations about the company’s streamlining plan and their leader’s vision for the future. Obviously, there’s little he could say to make the axe about to fall on legions of workers any less sharp. One individual whose […] The post Hackett’s Still in Bill Ford’s Good Books appeared first on The Truth About Cars.
Tags: Ford, Autos, Bill Ford, Jim Hackett, Hackett, News Blog, Product Planning


Ford Axing More White Collar Workers In Company Overhaul

Yesterday, our man Steph Willems chronicled the details of a memo obtained by The Detroit News in which Ford brass promised 2019 will be a pivotal year for the company. Amongst the revelations, CEO Jim Hackett said a job cull is the price it must pay for adding so many new employees after the recession. […] The post Ford Axing More White Collar Workers In Company Overhaul appeared first on The Truth About Cars.
Tags: Layoffs, Ford, Autos, Detroit, Glass House, Job Cuts, White Collar, Jim Hackett, Detroit News, News Blog, Downsizing, Steph Willems


This Is the Year, Ford CEO Tells Employees

Of all the Big Three domestic automakers, Ford’s direction seems the most ambitious and confusing. Since taking the helm less than two years ago, CEO Jim Hackett has tried to articulate his vision for both the company and the country’s future roads, sometimes with head-scratching results. There’s no doubt that change is afoot. The company […] The post This Is the Year, Ford CEO Tells Employees appeared first on The Truth About Cars.
Tags: Jobs, Ford, Autos, Jim Hackett, News Blog, Product Planning, Streamlining, Turnaround Plan


Ford CFO Bob Shanks Departing by Year’s End: Sources

The chief money man at the Blue Oval plans to hang up his Excel spreadsheets by the end of this year, according to sources in the know. He’s expected to stay on until a new top beancounter is broken in. Why should you care? Because the Glass House is in the throes of a major […] The post Ford CFO Bob Shanks Departing by Year’s End: Sources appeared first on The Truth About Cars.
Tags: Ford, Autos, Earnings, Retire, Cfo, Glass House, Blue Oval, Executives, Jim Hackett, News Blog, Bob Shanks


Ford is reviewing a succession plan for its CFO, but he isn't leaving just yet (F)

The Detroit Free Press reported that Ford CFO Bob Shanks is preparing to retire after four decades with the company. Ford said that it's simply reviewing a succession plan for its CFO. Ford is in the midst of an $11-billion restructuring.  The Detroit Free Press reported on Thursday that CFO Bob Shanks could be retiring after a long career at the automaker, beginning in 1977. Shanks has been CFO since 2012. In a statement to Business Insider, Ford said, " As all boards of responsible companie...
Tags: Facebook, US, Trends, General Motors, Ford, North America, Detroit, Detroit Free Press, Chuck Stevens, Jim Hackett, Hackett, Shanks, Bob Shanks, Business Insider Ford, CFO Ford, Blue Oval His


Ford CEO Issues No-nonsense Letter to Employees, Seeks Doubling of Profits

Ford’s chief executive, Jim Hackett, told employees Thursday evening that 2019 cannot be a repeat of last year. “2018 was mediocre by any standard,” Hackett said in an email to employees. “Yes, we made $7 billion last year. But think of it this way: this represents a 4.4 percent operating margin, about half what we […] The post Ford CEO Issues No-nonsense Letter to Employees, Seeks Doubling of Profits appeared first on The Truth About Cars.
Tags: General Motors, Corporate Strategy, Ford, Share Price, Autos, Stocks, Automotive Industry, Ford Motor Co, Jim Hackett, Hackett, News Blog, Product Planning


Wall Street Concerned Over Ford CEO’s Cautious Strategy

Remember Mark Fields, the former Ford CEO who was forced to retire due to an inability to manifest his vision of the company’s future in a timely manner? Well, it’s starting to look like Wall Street needs another sacrificial lamb. Ford’s current chief executive, Jim Hackett, appears rather appetizing. Despite promises from company chairman Bill […] The post Wall Street Concerned Over Ford CEO’s Cautious Strategy appeared first on The Truth About Cars.
Tags: General Motors, Industry, Ford, Fca, Share Price, Autos, Mark Fields, Stocks, Automotive Industry, Bill, Ford Motor Co, Jim Hackett, News Blog


A top Wall Street auto analyst just called out Ford for falling behind GM. But there's nothing wrong with second place. (GM, F)

Morgan Stanley analyst Adam Jonas published a research note contrasting GM's and Ford's prospects. He rightly touted GM for its leadership and execution. But he underestimated Ford's tenacity and experience being No. 2 in the US market. On Thursday, as the media-and-Wall-Street aspects of the Detroit auto show were winding down, Morgan Stanley auto analyst Adam Jonas published a research note in which he praised General Motors' business and leadership and made some accurate — yet harsh — poin...
Tags: Facebook, US, Trends, General Motors, Tesla, Vw, Ford, Mary Barra, Gm, Chrysler, Morgan Stanley, Detroit, Jonas, Henry Ford, Cadillac, Fiat Chrysler Automobiles


Ford is working on an all-electric version of its F-150 pickup truck (F)

Ford has revealed plans to make a fully electric version of its F-150 pickup truck, the best-selling vehicle in the US for decades. Ford previously announced plans to market a hybrid gas-electric version of the pickup. Ford didn't provide a timeline for the electric F-150's arrival, but the hybrid is scheduled for 2020. Ford took the occasion of the Detroit auto show kicking off this week in Motown to announce an all-electric version of its best-selling F-150 pickup. The automaker has previou...
Tags: Facebook, US, Trends, Tesla, Vw, Ford, La Auto Show, Detroit, Jim Hackett


Ford’s iconic F-Series trucks are going electric

Ford’s legendary and popular F-Series pickup line will soon have electric options, the company announced today. The move is intended to “future-proof” the enormous truck business against rising gas prices and regulations favoring electric vehicles over internal combustion. Jim Farley, Ford’s president of global markets, announced the news at a press conference in Detroit. As reported in the Detroit Free Press, he specified that there will be both pure/battery electric and hybrid options — they a...
Tags: Transportation, Tech, Tesla, Automotive, Ford, Electric Vehicles, Detroit, Mustang, Detroit Free Press, Jim Hackett, Jim Farley Ford, Rivian


Ford and VW just announced a global alliance — the first collaborations will be commercial vans and pickup trucks (F)

Ford and VW provided details on a new alliance. Initially, the Ford and VW alliance will develop commercial vans and pickup trucks. Future collaborations could entail electric and autonomous vehicles. DETROIT — On Tuesday, Ford and Volkswagen revealed details of a global alliance.  In a joint statement, the automakers said that "Volkswagen CEO Herbert Diess and Ford CEO Jim Hackett confirmed that the companies intend to develop commercial vans and medium-sized pickups for global markets begin...
Tags: Facebook, Europe, Japan, Africa, US, Trends, Tesla, Vw, Ford, Volkswagen, Nissan, Detroit, Carlos Ghosn, Farley, Herbert Diess, Jim Hackett


Tesla is engaging in a risky expansion as the rest of the auto industry is playing defense (TSLA, GM, F, FCAU)

The global auto industry is ruthlessly evaluating weak markets and killing off unpopular products while Tesla is expanding in China. Tesla doesn't have much of a choice — if it doesn't take the risk now, it won't be able to dive in amid a global auto sales downturn. The contrast highlight the biggest difference between Tesla's immature business and car companies that are over a hundred years old. The contrast was telling: The same week that Tesla CEO Elon Musk attended a groundbreaking ceremo...
Tags: Facebook, South Korea, Europe, Japan, Elon Musk, Australia, China, Russia, US, Trends, General Motors, Tesla, Ford, Shanghai, Gm, Chrysler


Ford’s Chariot Program Didn’t Last Very Long

Chariot, Ford’s app-based shuttle service, has announced it will throw in the towel due to the rapidly changing “mobility landscape” of major cities. When the company launched in 2014 with Jim Hackett at the helm, it joined a bundle of “microtransit” firms hoping to undercut brands like Uber while providing a viable alternative to public transportation. […] The post Ford’s Chariot Program Didn’t Last Very Long appeared first on The Truth About Cars.
Tags: Corporate Strategy, Ford, Autos, Mobility, Chariot, Ford Motor Company, Jim Hackett, Autonomous Technology, Ford Smart Mobility, Shuttles, News Blog, Ride-hailing, Autonomous Future, Fomoco, Chariot Ford


The CEO of Argo AI, a self-driving startup backed by Ford, reveals the one thing that is absolutely necessary for an autonomous driving company to survive (F)

The CEO of Argo AI Bryan Salesky said he thinks that self-driving companies must partner with major automakers. Salesky said it's too hard to go it alone without an automaker's expertise and scale. In 2017, Ford invested $1 billion in Argo AI. The past few years have been good for entrepreneurs who were early to the self-driving car game. In the aftermath of the financial crisis, markets were focused on the overall health of the auto industry after the bankruptcies of General Motors and Chrys...
Tags: Google, Facebook, China, US, Trends, General Motors, Ford, Darpa, Gm, Chrysler, Bill Ford, Detroit, Argo, Carnegie Mellon University, John Krafcik, Pittsburgh


Behavioral Change in 2019: 5 Questions With Ford Futurist Sheryl Connelly

She’s been doing it for seven years now, and each year that Sheryl Connelly, Ford’s futurist, gazes into her crystal ball, she sees a new set of dynamics at work. That’s how fast things are changing in an era driven by digital technology, globalization and rapid economic evolution. But a big part of Connelly’s job is to help her employer—and others—try to get an advance handle on what the future will bring. For her seventh annual Further with Ford report, Connelly examined “The Power of Behavio...
Tags: Mexico, Advertising, Eu, Ford, Brazil, Bill Ford, Brexit, Henry Ford, Connelly, Jim Hackett, Sheryl Connelly, Sheryl Connelly Ford, Power of Behavioral Change


25k or No? Ford CEO Discounts Job Loss Claims

Earlier this week we mentioned that Ford’s restructuring plan might closely mimic General Motors’ strategy — resulting in widespread job losses. That theory was backed by an analysis from Morgan Stanley, which presumed the Dearborn-based automaker is likely to surpass GM in terms of layoffs, based on how much each intends to free up. Back […] The post 25k or No? Ford CEO Discounts Job Loss Claims appeared first on The Truth About Cars.
Tags: Layoffs, Jobs, Employment, General Motors, Industry, Ford, Gm, Autos, Automotive Industry, Morgan Stanley, Ford Motor Co, Ford Focus, Dearborn, Jim Hackett, News Blog, Restructuring


Ford, Volkswagen Talks Heighten the Possibility of Broad Alliance

Amid the whirlwind of trade intrigue that involves everything from stock market gyrations to the future of America’s relationships with China and the European Union, an interesting hookup between companies and brands may be forming: a broad alliance between Ford and Volkswagen. Each company is beset by individual problems—Ford with some evident rudderlessness under CEO Jim Hackett and an inability to improve in Europe, VW with CEO roulette and the vestiges of Dieselgate, among other things—and b...
Tags: Europe, White House, China, Germany, Advertising, US, America, General Motors, Bloomberg, European Union, Vw, Ford, Tennessee, Mary Barra, Bmw, Volkswagen


Ford, Volkswagen in talks to build VWs at US Ford plants

REDFORD TOWNSHIP, Mich. (AP) — Ford and Volkswagen are in talks about building VW vehicles in some of Ford’s U.S. factories. VW CEO Herbert Diess (dees) told reporters after a meeting at the White House that the automaker is holding discussions with Ford. Ford CEO Jim Hackett confirmed the talks Tuesday and Executive Chairman Bill […]
Tags: Business, News, White House, US, Vw, Ford, Volkswagen, Bill, Jim Hackett, Nation & World, Ford Volkswagen, Ford Ford, Herbert Diess dees


The Importance of Privacy by Design for Motor Vehicles

As the technology within cars advance, so do their capabilities of tracking and sharing your data. Data mining has become a new lucrative revenue stream for car companies. In recent days, Ford CEO Jim Hackett announced that: “We have 100 million people in vehicles today that are sitting in Ford blue-oval vehicles. That’s the case for monetizing opportunity versus an upstart who maybe has, I don’t know, what, they got 120, or 200,000 vehicles in place now. And so just compare the two stacks: Whic...
Tags: Technology, Law, Ford, Jim Hackett, General Motors GM


Ford Eyes Use of Customers' Personal Data To Boost Profits

According to industry-watchers, Ford is looking to profit off the data it can collect from its 100 million customers. In addition to the data collected from its infotainment systems and mobile apps, "Ford's CEO recently suggested that the data collected by the company's financial services arm also represents a valuable, low-overhead asset," reports Threatpost. From the report: "We have 100 million people in vehicles today that are sitting in Ford blue-oval vehicles," said Ford CEO Jim Hackett du...
Tags: Facebook, Tech, Ford, Detroit Free Press, Jim Hackett, Hackett


Ford CEO frankly admits that the car of the future is a surveillance device that you pay to spy on you

The era of finance capitalism is marked by a curious shift in the desire of the business world: to get out of the business of making things people use, and into the business of getting money for owning, extracting and/or liquidating things. The thing is, this isn't a good strategy. Not only did the drive to build up financial institutions themselves precipitate the financial crisis (tanking Lehman Brothers in the process, and bringing the rest to the brink of extinction, forced to beg for g...
Tags: Post, Business, News, Debt, Automotive, Ford, Gm, Lehman Brothers, Jim Hackett, Hackett, Graber, Ford Credit, Surveillance Capitalism, Freakonomics Radio, Zuboff, Euthanize Rentiers


Ford CEO open to investors in autonomous vehicles but cautious on Volkswagen

Ford Motor Co Chief Executive Jim Hackett told Reuters the automaker is open to investment by automakers and others in its autonomous vehicle business, but cautioned that expanding partnerships with German automaker Volkswagen AG is a "delicate dance."
Tags: Money, businessNews, Ford, Volkswagen, Reuters, Volkswagen AG, Jim Hackett, Ford Motor Co Chief Executive


Ford and Walmart are teaming up to test delivering products with self-driving cars (WMT, F)

Ford announced on Wednesday that it is partnering with Walmart and Postmates to explore how the companies can use self-driving vehicles to deliver products in Miami-Dade County in Florida.  Ford expects to test delivery of items such as groceries, toiletries, pet food, and other consumer products.  As part of the program, Ford will be testing various vehicle designs to see what works best for shipping different items.  Ford's self-driving cars could soon be delivering Walmart products in Miam...
Tags: Florida, Trends, Walmart, Ford, Miami, Volkswagen, Mckinsey, Wolf, Miami Dade County, Jim Hackett, Ford Autonomous Vehicles, Brian Wolf, Waymo Cruise, Miami Dade Country


Ford earnings drop on weak China sales

Ford reported a drop in third-quarter profits Wednesday as weak sales in China and higher commodity costs countered the benefit of strong truck sales in North America. Ford's North America business was the bright spot in the latest quarter, with truck and sport utility vehicles sales rising 2.8 percent from the prior year, amid strong demand for the best-selling F-series truck and other large vehicles. Ford Chief Executive Jim Hackett has warned that metals tariffs caused a $1 billion hit to c...
Tags: News, China, Ford, North America, Jim Hackett


Ford just reported a better-than-expected third quarter — and the stock is jumping (F)

Ford beat expectations on both the top- and bottom lines. Shares moved up 5% after-hours.   Ford reported third-quarter earnings on Wednesday, posting beats of analysts' expectations on both revenue and profits. The carmaker made $0.29 per share and brought in $34.7 billion. Ford shares jumped 5%, to nearly $9, in after-hours trading. Year-to-date, Ford has been in a severe slide, down over 30%. "This quarter shows that our business remains very strong in key areas. We continue to make progre...
Tags: Facebook, US, Trends, Ford, Jim Hackett