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. […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]