Mark Fields

Search results for Mark Fields

 Kyle Johnson

Jim Hackett Out at Ford, Jim Farley Named New CEO

Jim Hackett Out at Ford, Jim Farley Named New CEO

Ford Motor Company CEO Jim Hackett is retiring from the automaker after a little more than three years on the job. His replacement is Jim Farley, who was appointed COO this past February. Both moves take effect Oct. 1, and the two will work together in the meantime to ensure a smooth transition of power. […]

 Kyle Johnson

Ford CEO Jim Hackett Made $17.75M in 2018

Ford CEO Jim Hackett Made $17.75M in 2018

It’s tax season, so you’ve probably already had a chance to take a look at your W-2 and see how much you made last year. Maybe you got a nice pay increase and finally pushed past some salary barrier like $50,000 or $70,000 or maybe even $100,000. Good for you! It’ll bring you endless joy, […]

 The News Wheel

GM CEO Mary Barra Collected Nearly $22 Million in Total Compensation for 2017

GM CEO Mary Barra Collected Nearly $22 Million in Total Compensation for 2017

It was a good year financially for General Motors Chairman and CEO Mary Barra, who received $21.96 million in total compensation for 2017. That’s down 2.8% from the $22.58 million that Barra made in 2016, but according to GM, it’s still about 295 times as much as the company’s median worker was paid. In 2014, […]

 Kyle Johnson

Ford CEO Jim Hackett Made $16.7M in 2017, or 285 Times More Than Ford’s Median Employee Salary

Ford CEO Jim Hackett Made $16.7M in 2017, or 285 Times More Than Ford’s Median Employee Salary

Imagine getting a nice new job, albeit one that comes with a pretty fair amount of pressure to perform. You spend about seven months in the role, and you do a fairly capable job of it. Your compensation: $16.7 million, or about 285 times the compensation of the median salary for the people working beneath […]

 Whitney Russell

Where the Top 10 Companies are with Self-Driving Cars

Where the Top 10 Companies are with Self-Driving Cars

With so many major car manufacturers and tech companies in the self-driving car race, it’s hard to keep up with each one’s progress. Each one has a different proposed release date for their self-driving car contribution. Some manufacturers have modified those proposed release dates based on how fast or slow the technology development and design […]

 The News Wheel

Ford Offers Buyouts to More Than 15,000 Employees

Ford Offers Buyouts to More Than 15,000 Employees

Ford has begun offering buyouts to more than 15,000 of its salaried employees across North America and Asia as part of an effort to reduce its workforce by 1,400. According to a Ford spokesman, workers who choose to take the voluntary buyout packages will receive between three months’ pay to 18 months’ pay depending on […]

 The News Wheel

GM Believes in America’s Automotive Future

GM Believes in America’s Automotive Future

If you have been watching new car sales for the past few months, you know that the rapid growth of new car sales is slowing down. After a few years of recovery from the recession, it isn’t totally surprising that the record-breaking momentum couldn’t keep going forever. While other automakers are ready to defend their assets […]

 The News Wheel

Unlike Ford, GM is Confident in its CEO

Unlike Ford, GM is Confident in its CEO

The automotive world got a bit of a shake this month as it was announced that Ford CEO Mark Fields was being fired. Sorry, we meant that Mark Fields “retired” and was replaced by Jim Hackett less than three years after Fields was promoted to the CEO role at the Big Three automaker. According to […]

 The News Wheel

Turns Out Fuel Efficiency Rules Made Jobs Too

Turns Out Fuel Efficiency Rules Made Jobs Too

A lot of automakers have complained that the government’s increasingly strict fuel-efficiency and emissions regulations would kill jobs—most pointed of all was now former Ford CEO Mark Fields’ assertion that the rules, as they currently stand, would cost the US 1 million jobs. And Fuel Efficiency Goes Up: Just look at the 52-mpg-highway Chevy Cruze […]

 The News Wheel

Ford Announces Multiple Senior Leadership Changes After CEO Shakeup

Ford Announces Multiple Senior Leadership Changes After CEO Shakeup

Continuing the fallout from the announcement that former Steelcase CEO Jim Hackett is succeeding Mark Fields as President and CEO, Ford Motor Company announced a number of additional executive appointments that ostensibly reshuffle the deck of the senior leadership team for its new chief. “The leadership changes we are announcing today across our global business […]

 The News Wheel

Jim Hackett Named New Ford Motor Company President and CEO; Farley, Hinrichs, Klevorn Take New Roles

Jim Hackett Named New Ford Motor Company President and CEO; Farley, Hinrichs, Klevorn Take New Roles

Ford Motor Company on Monday announced that Jim Hackett, former CEO of Steelcase, will replace Mark Fields as president and CEO. Fields, 56, is electing to retire after a 28-year career with the automaker. “We’re moving from a position of strength to transform Ford for the future,” said Ford Executive Chairman Bill Ford. “Jim Hackett […]

 The News Wheel

Mary Barra Wins the CEO Pay Race

Mary Barra Wins the CEO Pay Race

Mary Barra is a lot of things in the automotive industry, from the first female CEO to one of its most vocal advocates for STEM education. In 2016, she was also the highest paid CEO in the industry with total compensation equaling $22.6 million. That is actually a 21% pay drop for Ms. Barra because […]

 The News Wheel

FordPass Officially Launched in China at Go Further Shanghai Event

FordPass Officially Launched in China at Go Further Shanghai Event

Ford held a special Go Further event in Shanghai this past Saturday where, in addition to unveiling new models like the Ranger and Mustang, it was announced that FordPass has officially been launched in China. The FordPass app was made available for immediate download during the event, providing customers in China with a more unique […]

 Kyle Johnson

Ford Ranger Coming to China in 2018

Ford Ranger Coming to China in 2018

Ford recently introduced its F-150 Raptor performance truck to the Chinese marketplace for the first time in company history, and now it is following suit by promising the arrival of the Ranger mid-size pickup truck next year. Ford will discuss its plans to capitalize on what it sees as growth opportunities in China’s emerging pickup […]

 The News Wheel

Ford Announces Chinese Electrified Vehicle Strategy, Including Mondeo Energi PHEV

Ford Announces Chinese Electrified Vehicle Strategy, Including Mondeo Energi PHEV

Ford on Thursday revealed that it will launch a number of new electrified vehicles in China by 2025—including a new Mondeo Energi plug-in hybrid and a fully-electric small SUV that is expected to offer a range exceeding 450 km (279.6 miles). By this deadline, Ford expects to offer a hybrid/plug-in hybrid/EV variant for 70% of […]

 The News Wheel

Ford VP of Research and Advanced Engineering: Autonomous Passenger Cars Coming Closer to 2026-31

Ford VP of Research and Advanced Engineering: Autonomous Passenger Cars Coming Closer to 2026-31

Ken Washington, Ford’s vice president of research and advanced engineering, delivered a keynote address at the SAE WCX World Congress Experience this week where he walked back the expectation that the automaker will sell SAE Level 4-capable autonomous vehicles to the masses by 2025. Automotive News reports that Washington, despite previous suggestions made by Ford […]

 The News Wheel

Ford Patent Suggests Power Sliding Platform for F-150 Hybrid Truckbed

Ford Patent Suggests Power Sliding Platform for F-150 Hybrid Truckbed

Ford made a big to do this past December of the fact that it led the automotive industry in patents granted in 2016, and it appears that it has no intention of slowing down in 2017. As discovered by The Drive, Ford filed a patent for a “Powered Sliding Platform Assembly,” which the attached drawing […]

 The News Wheel

Ford Invests $1 Billion in Argo AI for Autonomous Vehicle Development

Ford Invests $1 Billion in Argo AI for Autonomous Vehicle Development

Ford Motor Company announced this past Friday that it is investing $1 billion in Argo AI over the course of five years for the development of a virtual driver system that will be employed in its forthcoming autonomous vehicle and potentially available for license from other automakers. Argo AI was founded by CEO Bryan Salesky […]