Ford Motor Co (F. N) abruptly named James Hackett as chief executive on Monday, responding to investors’ growing unease about the U.S. automaker’s slumping stock price and its ability to counter threats from longtime rivals and Silicon Valley. Ford Chairman Bill Ford Jr., whose family effectively controls the U. S. No. 2 automaker, said he … Read more
Ford plans to fire CEO Mark Fields amid slowing sales in the US and Chinese markets, a source familiar with the matter said Monday. The US auto maker is expected to name Jim Hackett, who is currently responsible for the autonomous vehicle division, to replace Fields as part of a major management reshuffle, the New … Read more
The auto industry is facing seismic changes with the rise of electric vehicles, automated driving and car sharing set to eclipse even big mergers such as PSA’s purchase of Opel, executives at the Geneva auto show said. Peugeot maker PSA Group (PEUP. PA) said on Monday it had agreed to buy loss-making Opel from General … Read more