October 27, 2020

    Daily Auto News, Luxury Cars, Photos, Prices, Spy Shots, Videos, Incidents and more
    Mark Fields

    Tesla moving sales online is a ‘leap of faith,’ says Mark Fields

    Customers are used to seeing and testing a car, says Fields. Tesla’s decision to shift its sales completely online is a “leap of faith” that may not necessarily succeed, former Ford CEO Mark Fields stated on Friday. While the American automaker has a “very sustainable brand,” it has to find out how to churn out […]

    Tesla
    James Hackett

    Ford CEO Jim Hackett earned $16.3 million in 2017

    Ford Motor’s CEO Jim Hackett earned salary, bonus and stock awards of $16.3 million in last year, where as adjusted pretax profit for the automaker fell $1.9 billion from 2016, the company stated on Thursday. Consisting of pensions and perks, Hackett, who took the helm of the second biggest U.S. automaker in May, made $16.7 […]

    Ford
    James Hackett

    Ford CEO Hackett eligible for $13.4 million in yearly compensation

    Ford Motor stated on that new CEO James Hackett is eligible for a minimum of $13.4 million in total yearly compensation. Hackett, 62, a former CEO of furnishings producer Steelcase Inc, was named to replace CEO Mark Fields on Monday. Hackett will make a $1.8 million yearly wage, up from $716,000 at his previous job […]

    Ford
    Jim Hackett

    Mark Fields replaced as CEO by Jim Hackett

    In a surprising move, Ford has ousted CEO Mark Fields, 56, following months of speculation and 3 years of decreasing stock costs. Fields is replaced by Jim Hackett, the former board member who took control of a new mobility system developed by the company to broaden into new locations of transport. As the head of […]

    Ford
    Ford logo in their auto plant

    Ford to invest $350 million in Livonia transmission plant in Michigan to expand lineup

    Ford Motor stated Friday it would invest $350 million to update its Livonia transmission plant in Michigan as the business broadens its lineup of powertrains. The investment is part of the company’s formerly disclosed dedication to invest $9 billion and produce or retain 8,500 hourly tasks in its U.S. centers in the next couple of […]

    Ford
    Ford logo in their auto plant

    Ford to slash North America, Asia salaried employees by 10 percent: source

    Ford Motor prepares to diminish its employed workforce in North America and Asia by about 10 percent as it works to enhance profits and its sliding stock rate, a source knowledgeable about the strategy informed Reuters. An individual informed on the plan stated Ford prepares to provide generous early retirement incentives to decrease its employed […]

    Ford
    Mark Zuckerberg at Ford plant

    Mark Zuckerberg visited Ford plant, met Mark Fields, Bill Ford

    Facebook CEO Mark Zuckerberg spent time dealing with a Ford assembly line Thursday, and may send pickup truck purchasers searching for his autograph. In a long note published on Facebook that ended with a smiley face, Zuckerberg wrote that his first stop was at the Ford Rouge Plant located in Dearborn, where he met the […]

    Ford
    Ford Motor logo

    Ford to release plug-in car in China in 2018, electrify most by 2025

    Ford Motor stated it would release a plug-in hybrid vehicle in China in 2018 and a totally electrical sport-utility car in the next five years, as it pursues electrifying most of its lineup on the world’s biggest automobile market by 2025. This comes at a time when Beijing is encouraging automakers to offer more electric […]

    Ford
    Mark Fields

    Ford Motor disagrees with Trump immigration ban

    Ford Motor on Monday stated they disagree President Donald Trump’s heavily debated immigration order, turning into one of the highest profile U.S. automaker to question the decision to momentarily ban travelers coming from 7 nations. The leader of Goldman Sachs likewise criticized the order and FedEx and UPS stated they were reviewing its effect. The […]

    Ford
    Ford Motor logo

    Ford reports lower profits, takes hit from pensions, canceling Mexico plant

    Ford Motor on Thursday reported a fourth-quarter loss, mentioning an accounting change to pensions and expenses for canceling a factory in Mexico, which President Donald Trump had targeted on his way to the White House. Ford likewise reaffirmed its projection that 2017 profits would be lower, which contrasted with more positive forecasts from Detroit competitors […]

    Ford
    Images of Ford Ranger

    Ford Ranger, Bronco Return not affected by Donald Trump victory

    Ford is not changing strategies to construct the Ford Ranger pickup and Ford Bronco SUV in Michigan after moving Focus small automobile production to Mexico, in spite of the project dangers by President-elect Donald Trump to impose tariffs on automobiles developed south of the border. The Dearborn-based car manufacturer discovered itself in Trump’s protectionist crosshairs […]

    Ford
    Mark Fields

    Ford’s CEO Mark Fields cautions Trump’s 35% car tariff will have a huge impact

    Ford Motors CEO Mark Fields stated on Tuesday that a 35% tariff on vehicles including trucks imported from Mexico– a concept provided by President-elect Donald Trump— would have a substantial effect on the entire U.S. economy. Fields, who provided the keynote speech at the Los Angeles Auto Show on Tuesday early morning, discussed Donald Trump […]

    Ford
    Ford self-driving cars

    Ford’s Focus – Fusion of Electric and Hybrid Venture

    US automotive giant Ford has actually put down some really enthusiastic prepare for the future. It wants to be a world leader in electrical vehicles and self-driving vehicles, but that doesn’t suggest it’s forgotten its most significant clients. “We’re not moving from an ‘old’ business to a ‘new’ business. We’re transferring to a larger business,” […]

    Ford
    Mark Fields

    Ford CEO Mark Fields responds Donald Trump, “Most of our investment is here in the US”

    “It’s really unfortunate when politics get in the way of the facts,” Ford CEO Mark Fields stated Thursday in a special interview with CNN’s Poppy Harlow. Questioned if Ford would cut any U.S. jobs as part of its strategies to develop a new plant in Mexico, he responded; “Absolutely not. Zero. Not one job will […]

    Ford
    Ford self-driving cars

    Ford’s self-driving car coming by 2021

    Ford has stated it will mass-produce a fully automated self-driving car without a steering wheel by 2021. The strong passion was described by the company’s president, Mark Fields, at an event in Palo Alto, California. Ford said it would double its investment in its research centre in the city, along with making substantial financial investments […]

    Ford

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