News

Ford CEO Jim Hackett is retiring, as the carmaker reinvents itself

Ford announced Tuesday that its CEO, Jim Hackett, would be retiring in October and be replaced by COO Jim Farley. Hackett took over as CEO in 2017 and had been leading an $US11 billion restructuring of Ford’s business. Hackett, 65, said he started thinking about retiring in the spring and […]
Ford CEO Jim Hackett is retiring, as the carmaker reinvents itself
Markets

Ford bought a Silicon Valley startup that will work with the automaker’s rivals — here’s why that’s a good thing

In January, Ford outlined a vision for the future that includes technology which connects autonomous vehicles with pedestrians and city infrastructure. Later that month, the company purchased Silicon Valley startup Autonomic, which is developing the Transportation Mobility Cloud (TMC), cloud software that auto and tech companies can use to connect […]
Ford bought a Silicon Valley startup that will work with the automaker’s rivals  —  here’s why that’s a good thing
Markets

Wall Street is begging Ford to be more like Tesla

Ford posted weaker Q4 2017 results than expected. CEO Jim Hackett was challenged on his plan to return Ford to fitness. Wall Street has watched Tesla post awful earnings while telling a compelling growth story – and it wants the rest of the industry to follow that example. Wall Street […]
Wall Street is begging Ford to be more like Tesla
Tech

Ford is making a big push to catch up in the self-driving car race

Ford outlined its vision for the future of transportation and urban life in a presentation at the International Consumer Electronics Show (CES) on Tuesday. The presentation highlighted cloud and cellular technology that would allow vehicles, pedestrians, public transit, and infrastructure to communicate. The presentation was light on details and heavy […]
Ford is making a big push to catch up in the self-driving car race