CLOSE Bill Ford Jr. dialed into the virtual town hall meeting from home in Ann Arbor, and he didn’t sugarcoat the situation. He, like so many people working remotely Thursday to avoid potential exposure to the novel coronavirus, urged his 26,000 employees from around the world watching him on video to remain calm and keep the faith: The 116-year-old company is strong. “As… Continue reading Bill Ford calms 26,000 workers, thanks them for stamina as disease ravages industry – Detroit Free Press
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Ford suspends dividend, draws down $15.4 billion from two credit lines to bolster reserves – Washington Post
Comparing the current situation to the 2008-2009 financial crisis, Chief Executive Jim Hackett said Ford was putting in place safeguards to protect its business. Ford has come under fire from some analysts on Wall Street for moving too slowly to cut costs and restructure its business. At the end of last year, it had booked… Continue reading Ford suspends dividend, draws down $15.4 billion from two credit lines to bolster reserves – Washington Post
Aston Martin Replacing AMG V-8 with a Hybrid V-6 It Will Make Itself – Car and Driver
The CEO of sports-car maker Aston Martin tells C/D the company will engineer its own 3.0-liter hybrid V-6. The new engine will be built in the U.K. and will be at least as powerful as the AMG V-8 (pictured above, in the DB11) that it replaces. Aston’s V-12 will continue, but its production will be… Continue reading Aston Martin Replacing AMG V-8 with a Hybrid V-6 It Will Make Itself – Car and Driver
VW will hire ‘aggressive’ climate activist to scrutinize policies – Automotive News Europe
February 25, 2020 11:46 AM Christoph Rauwald Bloomberg {{ source.title }} {{title}} {{ abstract }} read more {{/main_image_url}} {{^main_image_url}} {{ source.title }} {{title}} {{ abstract }} read more {{/main_image_url}} {{/content}} ]]> Reuters VW’s ID3 is displayed at the 2019 Frankfurt auto show. The battery-powered hatchback is the first of a new generation of zero-emission EVs… Continue reading VW will hire ‘aggressive’ climate activist to scrutinize policies – Automotive News Europe
Self-driving car company Nuro wins federal safety approval for grocery delivery robot – The Washington Post
Nuro says it plans to begin testing soon in Houston. Many of the existing rules are designed to ensure that the person at the wheel remains safely in control. But Nuro’s vehicle, which it calls R2, won’t need mirrors or a windshield. Transportation Secretary Elaine Chao said that in the context of a self-driving delivery… Continue reading Self-driving car company Nuro wins federal safety approval for grocery delivery robot – The Washington Post
Aston Martin’s pivotal SUV launch hinges on ‘Chinese’ prayer – Automotive News Europe
Aston Martin said revenue will continue to slide as it braces for the impact of the coronavirus outbreak on Chinese demand for the DBX SUV. Aston Martin warned Thursday sales will slump in the first six months of 2020, with almost all earnings coming in the second half once the English company starts deliveries of… Continue reading Aston Martin’s pivotal SUV launch hinges on ‘Chinese’ prayer – Automotive News Europe
Carlos Ghosn Defends His Legacy – The New York Times
BEIRUT, Lebanon — Most global fugitives tend to lie low. They do not beckon reporters to televised news conferences or allow themselves to be photographed drinking wine by candlelight days after being smuggled in a box aboard a chartered jet to freedom. But Carlos Ghosn, the deposed auto executive, is no normal fugitive. Unapologetic and… Continue reading Carlos Ghosn Defends His Legacy – The New York Times
Ford Board Leaves Embattled CEO With Little Room for Error – Bloomberg
Ford Board Leaves Embattled CEO With Little Room for Error Bloomberg Ford shakes up top management, promises faster turnaround Reuters Executive shakeup at Ford in wake of earnings report, rough Explorer launch Autoblog 日本版 Ford’s Jim Farley looks to fix product launches, improve earnings Detroit Free Press Ford shakes up top management; Hinrichs to retire, Farley becomes COO Automotive News… Continue reading Ford Board Leaves Embattled CEO With Little Room for Error – Bloomberg
Ford Shares Hit 10-Year Low, But CEO Hackett Has Chairman’s Ear – Yahoo Finance
(Bloomberg) — Days after another dismal earnings report, Ford Motor Co. Chief Executive Officer Jim Hackett sent a blunt message during an internal town hall: I’m not going anywhere. If there were any doubts in the crowd about that statement, Hackett underscored it by discussing the early retirement of Joe Hinrichs, a Ford president whom… Continue reading Ford Shares Hit 10-Year Low, But CEO Hackett Has Chairman’s Ear – Yahoo Finance
Howes: Failed execution, culture weigh on Ford performance, shares – The Detroit News
When historians record the six years since Alan Mulally retired as CEO of Ford Motor Co., the chapter could be entitled “A Chronicle of Wasted Time.” Here was COO-designate Jim Farley using a Wednesday presentation to investors to deliver a message as bracing as a bucket of ice water: “I can see it on the face of… Continue reading Howes: Failed execution, culture weigh on Ford performance, shares – The Detroit News